Previous investors would not get to make that decision. If you can't clear mark and the company's going out of business, they could say, "We're racing around at five million dollars" Each investor who invests in this round gets a warrant to buy another share sometime in the next ten years for a penny.
On today's episode of VC Sunday School, Molly asks Jason about taking the leap on valuation (2:10) and best practices for strategic retreats (11:41). Then, Molly speaks with Meiling Gao and David Lu of Clarity Movement, to talk about their hardware for measuring air quality (33:25).
(0:00) Jason and Molly intro today’s show!
(2:10) VCSS: Taking the leap on valuation
(10:28) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(11:41) VCSS: strategic retreats
(27:44) Microacquire - Sell your business with no fees at https://try.microacquire.com/twist
(29:01) VCSS Bonus Round: Does age matter in founders?
(32:15) Molly tees up This Week in Climate Startups
(33:25) TWiCS: David Lu + Meiling Gao of Clarity Movement
(38:00) Brave - download Brave today at https://brave.com/twist to browse faster, search privately and so much more.
(39:17) TWiCS: More on Clarity Movement’s air pollution measurement hardware
(57:49) Outro + Plugs