Let's say you're a founder. You know that it only takes $X to develop and market a given app. So you go out shopping, asking for $(1.3X)MM( the estimate plus a small buffer )at a Y% dilution.
You pitch your idea to Trust Fund Baby Ventures, LLC, and they shit their pants and offer you $(5X)MM, but at the exact same dilution, Y%.
You've just been offered far more money than you think your business is worth. What do you say? No?
Comments
Let's say you're a founder. You know that it only takes $X to develop and market a given app. So you go out shopping, asking for $(1.3X)MM( the estimate plus a small buffer )at a Y% dilution.
You pitch your idea to Trust Fund Baby Ventures, LLC, and they shit their pants and offer you $(5X)MM, but at the exact same dilution, Y%.
You've just been offered far more money than you think your business is worth. What do you say? No?