To Follow On or Not to Follow On
This is going to be BIG.
SEPTEMBER 7, 2012
I know, because those people all used to pitch me as an institutional LP back in the day. That's why I constantly remind companies that when you do an outsized financing price or size-wise, you expose yourself to getting hit bad in a downtown unless you're conservative about how you use the money. If you're doing seed deals, how often does a down round in a seed deal even happen? Some big VCs are awesome at seed, and to a lot of work to help their companies.