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Edit: Whoops, I read that as 100M :( That seems within reasonable bounds of a VC offer, am I wrong? If they expect to be valued much higher then they would pro
by personjerry 9y ago
Edit: Whoops, I read that as 100M :(
That seems within reasonable bounds of a VC offer, am I wrong? If they expect to be valued much higher then they would probably be more well known (approaching unicorn realm) and would get SV interest anyway. And if they want to give less equity maybe they should find a earlier stage/smaller fund?
- avaer 9y agoObjectively reasonable or not, subjectively a joke in comparison to SV. This kind of investment won't pay for one additional hire this year; if you go smaller it won't even pay for the time you spent dealfinding. And after all of that, this level of equity is a curse on your books that locks you out of SV VC. So if you actually grow you're still disadvantaged by such an offer. Lose lose. We can debate whether such an offer is reasonable. But taking this offer in favor of seeking funding in the valley... that's unreasonable.
- personjerry 9y agoI misread as 100M, my bad!