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Ike
@iw
A founder of a pre-product company I was chatting with is worried that if they accept an investment for a lower valuation right now, that it sets a bad precedent for future fundraising. My intuition suggests that this is only true if you are selling snakeoil, but I've not personally raised before. Thoughts?
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Ike
@iw
My understanding is the founder has a SAFE offer from a Lead and has a demo of the product. Certainly raising at a higher valuation is usually better in order to retain more equity, but at this stage of the company and macro economic environment, it seems like looking a gift horse in the mouth.
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