This post is part of a series of posts called “Pitching a VC” that explains how to get access to VC’s, what to say when you get there and what will happen afterward.
A friend of mine who lives in Silicon Valley called me lastt week to talk about his new company. He’s been a very prominent member of the technology community for 15+ years and is deeply respected by both junior and senior members who have worked closely with him. This is the exact kind of guy who as a VC you would love to invest in provided he can deliver on a well rounded team (getting there) and a great idea (done).
We had a lengthy conversation about whether he should take angel money, which has been offered to him. The investment money he’s been offered has been “priced” (meaning the value of his company at which the angels would buy stock has been set at the recommendation of the angel investors) and he was wondering whether he should take the money.
His alternative is to hold out for “convertible debt” that>>> READ MORE at: