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the new fundraising model: 1. raise $5-20m in “early” funding in stacked notes from solo gps, angels, rolling funds 2. with early PMF, raise mega rounds (25-50m) from crossover and growth from almost every prospective this style is a no brainer compared to traditional seed
and sure it’s easy to make fun of all the dumb money slinging around here — and trust me there’s plenty — but there’s also some pretty fucking incredible businessses getting built on top of this model
What’s an example of a good company that has actually done this?
isn’t this how Jeff Bezos did it?
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