While some entrepreneurs like uncapped notes, most investors hate them. But agreeing to a valuation cap can send a signal that may hurt you in your next round – it could be too high, scaring off potential investors or too low, hurting your negotiating power. Here is a way to raise this bridge with a price the investors will like without signaling any price at all!
2 Responses
I love this concept. Thanks for sharing.
Great to hear from you Brett! Maybe you can bring this concept to New Zealand!