2 ms·
Not exactly what you're asking for, but I did a priced first round because my investors insisted on it and believe it helped me a great deal more than a convert
by gyardley 12y ago
Not exactly what you're asking for, but I did a priced first round because my investors insisted on it and believe it helped me a great deal more than a convertible note would've.
In particular, what Suster says about the importance of having a lead rings absolutely true to me. My investors were a huge help when figuring out a complicated merger that eventually led to a terrific outcome. If I had raised from a big bunch of smaller, not-particularly-invested angels instead - well, who's to say, but I suspect I would've botched it.