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Make your public profile as sexy, comprehensive and enticing as possible, adding a short, well done, elevator pitch video (think “the kind of video you see on great Kickstarter campaigns”) and listing your full management team. And don’t forget the ability to customize your profile’s background.
Provide some sort of seedcapital to their founders. Take a small amount of equity (usually ~6%) and overall have terms that are favorable to entrepreneurs. Have a strong management team who are typically proven entrepreneurs. Not every accelerator is/could be/would be a member in GAN, nor is it designed that way.
One of the things we frequently discuss with founders is how to interpret and manage their dialogue with VCs when raising capital. We’ve written before on how to research partners , how to pitch the right investor at a given firm, and how to raise seedcapital , generally speaking.
The termsheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless. The founders usually get wiped out completely, but existing management usually ends up with new options for between 10% and 20% of the company. So they recapitalize the company.
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