4 ms·

I’ve always wondered if I can do the mini version of an IPO instead of a Series A right after seed. With some caveats: I cannot make my business decisions pub

by Cherian 13y ago

I’ve always wondered if I can do the mini version of an IPO instead of a Series A right after seed. With some caveats: I cannot make my business decisions public. You have to trust me as a founder. This is a company is still at a stage of going under water and moving fast with competitive technology/business tactics etc. I should be able to choose the reserve investment amount at 1000$ or 2000. Maybe that’s personal call I am not clear about this one but I’ll set the valuation for my company. If there is a mechanic for feedback I’ll be able to move the scale based on tempo of the current market. This I believe will help set the right valuation for the convertible round I raised earlier. Pros I can think of: I can set an independent board

marvin 13y ago
In an ideal world, this would be perfect. IPOs used to work more or less like this (albeit at a later stage). Unfortunately, it has been decided that amateur investors will do stupid things when they have the option of buying stock in companies that could tank at the drop of a hat. Sarbanes-Oxley has completely killed off this possibility.