Created by devmizanur.com
Fundraising, dilution, term sheets and the arithmetic that founders learn too late.
Valuation is the number everyone quotes and the one that matters least. Here is the clause-by-clause read I wish someone had given me at 29.
Founders track ownership percentage. They should be tracking the value of what remains, and the two diverge faster than anyone expects.
“Thank you for reading. That tension between naming a problem and fixing it is most of the job, in my experience.”
“Thank you for reading. That tension between naming a problem and fixing it is most of the job, in my experience.”
“Thank you for reading. That tension between naming a problem and fixing it is most of the job, in my experience.”