Bad Notes on Venture Capital
Both Sides of the Table
SEPTEMBER 18, 2014
On the phone … Me: So, you raised venture capital? Him: But when I raised my first round we didn’t know how to price the company. Me: There is no rational explanation for valuations of A round companies by ANY objective financial measure. We raised a seed round. About $1 million. Me: At what price? Me: With a cap?
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