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Even worse. So how is Tangled investable at all to deliver a 10x return to the investors that funded it?
by colesantiago 8mo ago
Even worse.
So how is Tangled investable at all to deliver a 10x return to the investors that funded it?
- Kye 8mo agoI don't have the background to make sense of it easily, but the lead for the round publishes its term sheet details: https://www.byfounders.vc/insights/term-sheet-guide https://www.byfounders.vc/insights/term-sheet-guide There might be some insight in there as to why they invested knowing lock-in wasn't on the table.
- colesantiago 8mo agoSo no monetization strategy that doesn't warrant 10x returns?
- Kye 8mo ago10x returns is a meme. It's not a global standard.
- colesantiago 8mo agoNot a meme, but since there is no monetization strategy it is less likely going to be a 10x exit.