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Money and Finances
Reply to "Husband wants to take a huge paycut to join a startup"
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[quote=Anonymous][quote]So they put up 100K in the seed round, and did not like the terms/valuation when a bigger play could put up $1m for Series A or B? I'd say they need to understand how startup funding works, and why early $ now is moving to preferred debt.[\quote] When the VCs came in, they insisted on diluting out the seed money to prevent problems down the road. The founders, having long-spent the $100k and desperate for the VC money to "take them to the next level" were willing to sell out their early investors. The VCs weren't interested in a long-term relationship, but rather wanted to slap some lipstick on the pig and sell the company to a larger company in 2-3 years.[/quote]
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