Comment on Tangled: Our €3,8M seed roundparentComments−Kye6moI don't have the background to make sense of it easily, but the lead for the round publishes its term sheet details: https://www.byfounders.vc/insights/term-sheet-guideThere might be some insight in there as to why they invested knowing lock-in wasn't on the table.−colesantiago6moSo no monetization strategy that doesn't warrant 10x returns?−Kye6mo10x returns is a meme. It's not a global standard.−colesantiago6moNot a meme, but since there is no monetization strategy it is less likely going to be a 10x exit.
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I don't have the background to make sense of it easily, but the lead for the round publishes its term sheet details: https://www.byfounders.vc/insights/term-sheet-guide
There might be some insight in there as to why they invested knowing lock-in wasn't on the table.
So no monetization strategy that doesn't warrant 10x returns?
10x returns is a meme. It's not a global standard.
Not a meme, but since there is no monetization strategy it is less likely going to be a 10x exit.