Valuation vs. Ownership

When I speak to most founders and investors about financings, we focus on valuation. And when we think of valuation, the other side of the coin is dilution. For any fixed invested amount, the higher the valuation, the lower the dilution. Investors and founders can get fixated on this tradeoff of valuation vs. dilution. A […]

Fundraising Advice – A Fortune Cookie Message

YCombinator had its Demo Day this week. There were 100+ startups with an unprecedented breadth. I particularly liked the health informatics/tech-in-bio startups, an area I’ve talked about before. And with every Demo Day, we at SV Angel and many other investors try to meet and evaluate many of the startups. We try to give advice […]