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Just based on what you posted, I want to encourage you to consider the terms. $20k of seed is not significant enough imo to take such a large stake in the compa
by smileysteve 13y ago
Just based on what you posted, I want to encourage you to consider the terms. $20k of seed is not significant enough imo to take such a large stake in the company.
Your seed stage needs to provide the founders enough income/resources that they can and want to do this full time - along with have some ability to hire out additional jobs over enough time (3+ months) to get an A round or have strong revenue producing customers. In the case that you need to hire an additional developer for 3 months, you'd be out of your $20k seed money.
- nmbdesign 13y agoThank you, I am gonna look through terms precisely, just wondering how it works/worked for other companies, cause I cant really find ANY info what happens if you fail in terms of seed capital. And yeah, 15% is high but they say it can be "washed" during next round of funding Appeciate your information!