4 ms·
I've seen a couple of cases locally where founders took a bunch of money in the A round (specifically I'm thinking of Kik.) I guess I don't have much more than
by axiom 15y ago
I've seen a couple of cases locally where founders took a bunch of money in the A round (specifically I'm thinking of Kik.) I guess I don't have much more than anecdotal evidence though.
- chunkbot 15y agoSorry, but no.
- fraserharris 15y agoYou have no idea what you are talking about. VCs wanted a larger % cut, team didn't want the dilution. Founders still drive the same crappy cars. http://techcrunch.com/2011/03/29/ted-livingston-kik-velocity-donation/ http://techcrunch.com/2011/03/29/ted-livingston-kik-velocity...
- axiom 15y agoSo the 7M raised was ok for dilution, but that last 1M was just too much to bare? Just because it's in a press release doesn't make it true.
- fraserharris 15y agoExpectations are a bitch. Once you set them, its hard to undo. I sold personal shares because my co-founders didn't want to be diluted by another 1%. And Ted's a friend, the press release was for your benefit.