Re:Lessons Learned about Pitching Investors from a First-Tim...
by gaganbiyani on Wednesday September 08, 2010 @11:03PM
(#1674268)
You're right - if we gave up 80% of the company, it would be an awful raise. However, it's a pretty fair assumption that we didn't do that. We chose to take in $1M instead of $300K (which is all we needed). Why would we take in more capital if the valuation wasn't fair?
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