Remove Customer Remove Recapitalization Remove Seed Capital
article thumbnail

The Silliness Of Recapping Seed Rounds

Feld Thoughts

The feedback is “come back when you’ve made more progress with customers.” So they recapitalize the company. The first release is underwhelming, but they iterate aggressively, with feedback and support from some of their angel investors. The product gets a lot better. ” They are running out of money.