3 ms·
That is the standard and anyone not in a firesale should expect that m But the reason you raise is because you can turn each dollar into 1+ dollars of enterpri
by paulddraper 3y ago
That is the standard and anyone not in a firesale should expect that m
But the reason you raise is because you can turn each dollar into 1+ dollars of enterprise value.
If you raise and don't spend... You've accomplished nothing except throwing some money at lawyers.
- Finbarr 3y agoSure- the happy case with VC is that companies raise and spend the money to make more. The reality case is that many companies struggle to do that, and will burn a ton of money in the process, making the liquidation preference much more painful.
- paulddraper 3y agoThat's right. Raising money raises the stakes. It raises the ceiling but also the floor. Be careful of getting buried.