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Might be the correct move in this case, but getting creative with the cap table kills a lot of viable companies. It's shocking how often a VC puts their repetitional capital on the line to catalyze a deal for a company going sideways and is having trouble raising.https://twitter.com/rrhoover/status/1222918449799655426 …
are we forgetting about that random stealth series A a few months ago that had *checks notes* 200 angels and no lead
Fortunately, we are guaranteed never to hit a tight capital market again!
New goal: Maximize # of rows on cap table, not revenue
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