What’s the best way to navigate your down round?

Mark Suster (Managing Partner at Upfront Ventures)
What Most People Don’t Understand About How Startup Companies are Valued | Bothsides of the Table

Down rounds are corrosive. Insiders hate them and fight them. Outsiders hate them because they are worried about pissing off your existing investors. Employees hate them because it’s hard to reset expectations that their stock is worth less. Founders hate them because they’re dilutive. The terrible consequence is that some great companies struggle to get financed. New investors often prefer to back newer companies that have never been through thi… (read more)