Re:Why We Said “No” to a $40M Round
by syllogism on Wednesday August 09, 2017 @08:22PM
(#14975100)
The investors have liquidation preferences, so you need the company to be worth more than 40m or your equity is worthless. If you grow slowly, the next investor won't be interested, so it'll be hard to justify the valuation.
In this situation you don't get rich. You just get a salary for 10 years. That's not nothing, but if you've come this far, it's hardly the best outcome.
In this situation you don't get rich. You just get a salary for 10 years. That's not nothing, but if you've come this far, it's hardly the best outcome.