The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
But instead of adding it on to the note or doing an equity round with a price, which could still be an early stage price but below the cap, they make the argument that since the company couldn’t raise a round, the company is worthless. And developing a reputation for recapping seed rounds is, in my book, silly.
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