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On keeping the captable "clean", this is what Michael Siebel had to say: > Can we kill the myth that your company is screwed if there are too many investors on
by mathnmusic 5y ago
On keeping the captable "clean", this is what Michael Siebel had to say:
> Can we kill the myth that your company is screwed if there are too many investors on your angel/seed round cap table? Having too many angel/seed investors on a cap table has never killed a single YC startup. For founders who are raising: if you can get the money you need and reduce dilution as much as possible - I don’t care if you collect 1 check or 20.
https://twitter.com/mwseibel/status/1424437194479915009 https://twitter.com/mwseibel/status/1424437194479915009
- jacquesm 5y agoTrue, but it can make negotiations later on a lot harder and it increases the chance of having a problematic investor on board. The more professional investors are the easier it is to make deals. A start-up doesn't have to be killed for it to be a problem. Speaking from experience: I had a 5% problematic shareholder in camarades.com/ww.com in 1998 and it significantly reduced our chances of success.