The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
The term sheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless. And developing a reputation for recapping seed rounds is, in my book, silly. The post The Silliness Of Recapping Seed Rounds appeared first on Feld Thoughts.
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