Agreed w others, a workaround is see if any other VCs want your pro rata at some discount, where they front you the money and you agree on some split. The start

Agreed w others, a workaround is see if any other VCs want your pro rata at some discount, where they front you the money and you agree on some split. The startup likely has right of first refusal, which begins a negotiation. Presumably if an internal round, the company is dying, so nearly worthless, just IP and team. The new worth is almost entirely the $ going in, and the team that is sticking around to make it work as an incentive. The new $ dilutes the old $, and to get new employees, additional shares are issued, further diluting the old ones. For such a rebirth, it's not clear - how much should some person who helped recruit a failing team + 1 year of dev be diluted? For people sticking around and the new $, how much should they be incentivized to stay and put in new $, and what % should go to the former 1-year employee doing nothing? That's the pre-money valuation decision.