4 ms·

i may be living in the past, but rounds/syndicates are held together by the glue of price and terms. when you don't have that, there is no round. just a bunch o

i may be living in the past, but rounds/syndicates are held together by the glue of price and terms. when you don't have that, there is no round. just a bunch of investors, like you have in the public markets. you might want the private markets to behave like the public markets. but be careful what you wish for.

danoprey 14y ago
The way I look at it, all investors in the same round should pay the same value, but that's not neccesarily in just dollars. If one firm has a lot of added value and another is dumb money, why should they get the same price? If you look at it another way, if they are the same firms offering the same deals (at different prices) but instead of joining together in a round, they are competing, surely you would recognise the added value. Why not in a joint round?
jammur 14y ago
Can you elaborate on this, Fred? What's the benefit of having a round, over "a bunch of investors"?
- seiji 14y ago
  Tradition, paperwork, the knowledge that you are a beautiful snowflake, and a big bragging press release?
  - 001sky 14y ago
    Class. In more ways than one.
    - malandrew 14y ago
      Huh? Investors are putting a price on your company based on your fundamentals. Just like all companies have differing fundamentals, so do investors. Is it not fair to put a price on their money based on their fundamentals.