Revisiting Paul Graham’s “High Resolution” Financing
Both Sides of the Table
SEPTEMBER 25, 2010
Either would be fine with startups, so long as they can easily change their valuation. When I was raising money in late 1999 I had an investment team in Germany (I was in the UK) suggest that they should get a lower valuation than others because they were ex McKinsey guys and had better access to industry. I chuckled.
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