> at the seed stage, the strike price is small and the valuation increase won't be substantial. You're maybe out of pocket $X00~$X000 That's a bad assumption.

> at the seed stage, the strike price is small and the valuation increase won't be substantial. You're maybe out of pocket $X00~$X000 That's a bad assumption. Valuation increases can be substantial 1 year post seed funding at companies with traction.