>>We are now raising a seed round of $1M, at a $12M cap. Have you joined YC? If yes $12m cap can make sense. Otherwise, as other angel investors said, you need

>>We are now raising a seed round of $1M, at a $12M cap. Have you joined YC? If yes $12m cap can make sense. Otherwise, as other angel investors said, you need to reduce it to half, namely, $6m cap.