Remove Doc Remove Equity Remove Metrics
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Bad Notes on Venture Capital

Both Sides of the Table

There were no metrics. Him: On metrics. If we priced it based on any metrics your company would likely be worth less than 7 figures at your A round. Me: Then why don’t you take that same Series Seed doc and stick a price in it. “But lawyers will charge much more for equity.” Your A round?

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

The buyer is shopping for equity in startups and the seller is looking for cash in exchange for equity and shared governing control of his or her company. Kai taught me that the key metric to whether a sales process is going well is “engagement.” Sending the docs via email is less friction than making people come to a data room.

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