Bad Notes on Venture Capital
Both Sides of the Table
SEPTEMBER 18, 2014
On the phone … Me: So, you raised venture capital? 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. About $1 million.
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