12. Advising Early-Stage Startups (Glenn Gottfried)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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How to Negotiate Convertibles
The first ones in are taking the highest risk. The really savvy investors, angel and I tell this to the ones who really have money should take a better discount. If your first money in you should be rewarded for it. It's an artifact of what goes on today is it's a take it as it comes in and start working. That means there's a de-risking going on through time.
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