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Bad Notes on Venture Capital

Both Sides of the Table

Me: Then why don’t you take that same Series Seed doc and stick a price in it. Me: When an investor signs a note with a cap they must assume they are willing to pay the cap or why would they invest? Me: So, who was willing to invest in that? Doesn’t their investment determine the price of the next round?

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Time is the Enemy of All Deals

Both Sides of the Table

If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. I’d send them their email and point out the docs were late. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever.