I think even Kleiner Perkins would rather have invested in Google at a $7.5 million valuation than a $75 million valuation as they did. However, negotiating har

I think even Kleiner Perkins would rather have invested in Google at a $7.5 million valuation than a $75 million valuation as they did. However, negotiating hard on valuation can cause you to lose the opportunity to invest, and the people who argue "bimodal" are saying that this is a poor strategy since it may lock you out of the best deal of the decade just for a few quibbling valuation points.