Seems lots of people are calling the terms terrible, but for an early stage investment it seems pretty reasonable to me. Plenty of things are in the 1M valuation and under range. If you are shooting for something 8 figures or higher, in the long run this won't kill you, and in the short run it lets you get started and gives you a good bit of runway for say 2 founders.
I'm not looking for funding at the moment, but the speed would be a huge bonus for me. There is a huge amount of value in being able to focus on making your business succeed instead of focusing on getting funding so that you can continue trying.
I'm not looking for funding at the moment, but the speed would be a huge bonus for me. There is a huge amount of value in being able to focus on making your business succeed instead of focusing on getting funding so that you can continue trying.