> Is there an entrepreneur willing to say "Yep, tried them, got bitten in the hindquarters", Kinda, but in a different way. When we were raising our Series A r

> Is there an entrepreneur willing to say "Yep, tried them, got bitten in the hindquarters", Kinda, but in a different way. When we were raising our Series A round, some investors based their offer off our Seed round's valuation. One investor thought that our seed round was a capped note, and wrote us a term sheet that was a "generous increase over your cap" (I think 20% perhaps). I think if they had known the seed was a priced round, they would have made something more like a 100% increase over it's valuation.