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I've heard from several VC's that they wouldn't touch a company that raised a previous round via Title III. It makes sense on one hand (cloudy legal ramificatio
by pcmaffey 10y ago
I've heard from several VC's that they wouldn't touch a company that raised a previous round via Title III. It makes sense on one hand (cloudy legal ramifications, which I'm sure will be no fun for the first big exits that go this route...); and on the other hand, it's stupid and competitive to explicitly choke a system that could increase opportunities/deal flow for everyone.
Regardless, something to be aware of as a founder considering options.
- npt4279 10y agoYeah, that's just silly. We've already had a company that raised $1 million from Title III that then raised $5 million from professional investors.