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Curious to know if you'll repay the seed, or if seeds are refunded assuming it was a friends and family round.
by jhowell 8y ago
Curious to know if you'll repay the seed, or if seeds are refunded assuming it was a friends and family round.
- d357r0y3r 8y agoIt's more complicated than that. I'm not the only founder and funds were raised from small investors w/ a SAFE.
- jhowell 8y agoPaying money back especially money collected from friends and family and not institutions and VCs is not "complicated." Their "investment" never had a chance to make money you projected and you went on to work on someone else's investment. Given these facts I am sure your investors would have preferred to invest in the company where you work now versus the one you left.
- d357r0y3r 8y agoIt's not family and friends, first of all. I haven't started working on anything else or for anyone else - I just no longer believe this venture is going to work out and thus have planned to exit. My co-founders don't agree with my assessment.