Jed Simmons of Nextnewnetworks justifies why they went for a big first round of $8million as reported in Paul Allen’s blog. Jed wanted to get major traction and was concerned that a small investment would have led to small customer engagement and a difficult second round.
Planning your Equity Fingeprint is never easy especially as in the USA it is so difficult to get the data from other deals. The VCs hold the cards so the entrepreneur has to find a serial angel to guide them. But if you wait too long to raise your first round and run a consultancy business, will you ever make the grade?
Hat tip: Geoff Jones
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