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At Lapicart - we were on the verge of raising funds - 2 angels were ready and we got the draft of the term sheet - but we backed out! Yes it's unusual but here's the reason why- 1. The equity demand was too high - above 20% and this is our first seed

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Anonymous

Anonymous 4

Hey I am on Medialย โ€ขย 2m

smart call! ๐Ÿ’ก giving up 20% in the first round is a red flag ๐Ÿšฉโ€”by series A, youโ€™d barely have any equity left.

0 replies1 like

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