This past month I’ve probably had some version of the following conversation a half dozen times: Founder: I need to figure out whether to raise more now or to wait until next year when hopefully market conditions pick up. My existing investors have told me I can take more money from them at the last round price, but I don’t know whether or not to be insulted by that. We’ve grown the business a ton since last year, a flat valuation makes me feel like we’re getting zero credit for all that work.
Great article Patrick. Honest with historical perspective and the data. While I am sure this may be hard news to hear, it is important to have perspectives for both venture leaders and investors.
Great article Patrick. Honest with historical perspective and the data. While I am sure this may be hard news to hear, it is important to have perspectives for both venture leaders and investors.