Many VCs will not do the small rounds breakout startups want because the VCs can’t hit their ownership targets (10-20%) http://Thesyndicate.com specializes in theae rounds: we just put $2m+ in a company at a $90m valuation because that’s all the founder wanted—fine by me!
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Replying to @Jason
Consider the OpenAI model, early investment with capped upside of 100x. Later upside at a lower cap. Seems like a better model for very ambitious startups.
2:43 PM - 19 Jan 2020
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