Raising Money: What are you optimizing for?
This is going to be BIG.
APRIL 19, 2011
If you’re Martin Blank , and you need to kill the President of Paraguay, you might need to use a fork. Yesterday, an entrepreneur asked me whether or not First Round does convertible notes. I wasn’t trying to be evasive, but after saying that we have done them on occasion, I pushed the entrepreneur to think deeper about his fundraising goals. To me, asking about a whether a VC does a specific security seems like the wrong question.