3 ms·
giving up ~30%/40% of the shares in the seed round. That's something you can regret
by zn44 3y ago
giving up ~30%/40% of the shares in the seed round. That's something you can regret
- justrealist 3y agoI mean sure... but they now each have ~$30mm in (nominal) equity having done 0 work. That's not a bad deal.
- qeternity 3y agoLiq prefs are a bitch…
- dopamean 3y agoI imagine that's the only way to get someone to commit 100M+ in a seed round though.
- hospitalJail 3y agoI'm about to do similar... Its that, or I DIY my product. Either sounds fine to be honest.
- shmatt 3y agoby the time any average series E IPOs, they're all diluted like crazy anyways