BEWARE OF “PAY TO PLAY”, a particularly cynical maneuver developed by some US VCs: you managed to get F&F to invest in your seed round. These were people who trusted you and wanted to support your idea. A VC comes in, and says that unless earlier investors come into Series A pro-rata, they will dilute them to nothing. Needless to say, this is a death wish for VCs playing this game. Be sure when you get involved with a VC firm that they do not have a history of this nasty strategy.
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022