There seems to be agreement that better investors are much less likely to ask terms like fully participating preferred or a 5x preference multiple which are more onerous for founders. At what point then do you worry less about the terms you are getting and more about the investors you are getting such terms from?
Along the same lines, if you're having to scrape the bottom of the barrel for VCs, should you take that as a powerful sign that YOU are doing something wrong? Are there examples of good teams with good ideas that just had to take crappy terms from crap investors and lived through it to succeed?
Along the same lines, if you're having to scrape the bottom of the barrel for VCs, should you take that as a powerful sign that YOU are doing something wrong? Are there examples of good teams with good ideas that just had to take crappy terms from crap investors and lived through it to succeed?