Re:Lessons Learned about Pitching Investors from a First-Tim...
by gojomo on Wednesday September 08, 2010 @11:00PM
(#1674263)
Good chance it was convertible debt; thus there's no official valuation to report. What matters are any valuation caps on the conversion and the next-round valuation.
My guess would be the seed investors have terms that are essentially like having 20-30% of the current company. Selling an effective majority stake (or anything near it) in a 'seed' round isn't a typical valley thing.
My guess would be the seed investors have terms that are essentially like having 20-30% of the current company. Selling an effective majority stake (or anything near it) in a 'seed' round isn't a typical valley thing.