4 ms·
Good points Ivan. This is actually a really good exercise. Two considerations one can't take into account with virtual investing are: (1) Would the company be
by ajju 14y ago
Good points Ivan. This is actually a really good exercise.
Two considerations one can't take into account with virtual investing are:
(1) Would the company be willing to take money from you? (They may already have raised, may not be willing to take the amount you are offering, may prefer to go with other investors)
(2) What are the terms? Would they work for you?
- ivankirigin 14y ago1. Indeed. This is what I was trying to raise in one of the caveats. This is a bit like dating: sometimes there just isn't chemistry. You need to demonstrate value on top of money. 2. I presume as a small angel I wouldn't make the market here, I'd just participate. Sam Altman mentions this thinking here, and I agree http://blog.samaltman.com/upside-risk http://blog.samaltman.com/upside-risk . I'd pick the companies first and get in at whatever terms, obviously trying to get as much of the company as possible for my money.
- ajju 14y agoYes, my point regarding 2 was whether you would be willing to participate at the valuation/cap that they are raising at, unless you are completely price agnostic.