I think there are details that are missing from your post, e.g. are the cofounders first time entrepreneurs / are they more senior than you? If so, how much? How senior are you? Are the seed round investors all angels? How good are they? How many?
What is the startup's next proof point / how far away? How far away from launch are they? Are they 10% burned through their seed round, or 80%? I.e. when is their out of cash date?
How big is the option pool? What do you and the founders think your dilution will look like through exit?
Do you get [ partial single ] and/or double trigger acceleration? If single, what do the founders have? (Note: the founders acceleration can affect valuation at early stages of company.)
How much does this startup need you?
(Would be happy to chat with you briefly to give you my thoughts on your situation. Email: my username with a period inbetween first.last + xobni.com.)
Comments
I think there are details that are missing from your post, e.g. are the cofounders first time entrepreneurs / are they more senior than you? If so, how much? How senior are you? Are the seed round investors all angels? How good are they? How many?
What is the startup's next proof point / how far away? How far away from launch are they? Are they 10% burned through their seed round, or 80%? I.e. when is their out of cash date?
How big is the option pool? What do you and the founders think your dilution will look like through exit?
Do you get [ partial single ] and/or double trigger acceleration? If single, what do the founders have? (Note: the founders acceleration can affect valuation at early stages of company.)
How much does this startup need you?
(Would be happy to chat with you briefly to give you my thoughts on your situation. Email: my username with a period inbetween first.last + xobni.com.)