In the last 2-3 years, it certainly seems to now equal “success”.
Founders at least are offloading so much equity in every round that every raise essentially becomes an “exit”.
I’m very surprised by this change. When I first started in this world, it wad drilled into my head that founder equity must be controlled at all costs. But now, the prevailing wisdom seems to be to sell off as much as you can with every round.
Founders at least are offloading so much equity in every round that every raise essentially becomes an “exit”.
I’m very surprised by this change. When I first started in this world, it wad drilled into my head that founder equity must be controlled at all costs. But now, the prevailing wisdom seems to be to sell off as much as you can with every round.