11 angel investing lessons
Venture Hacks
APRIL 17, 2019
Incentives make for bad investing advice. Valuations for pre-traction companies between 2005-2010 were $1-5M pre-money for the first non-friends-and-family round. These valuations moved to $4-6M pre-money after 2010, with some demo days in the $8-10M range. Incentives make for bad investing advice. Back $0B companies.
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