An overly optimistic valuation can also lead to a down round later on. I'd recommend this as further reading: http://lsvp.wordpress.com/2007/07/09/asymmetric-ri

An overly optimistic valuation can also lead to a down round later on. I'd recommend this as further reading: http://lsvp.wordpress.com/2007/07/09/asymmetric-risk-and-the-dangers-of-too-high-a-valuation/ http://lsvp.wordpress.com/2007/07/09/asymmetric-risk-and-the...