This is my first company, but I've found that by having a lower valuation cap on my note two great things have happened. Some of my more powerful investors have felt comfortable introducing me to people who don't give two shits about the latest consumer web fad or investment trends, found my terms very easy to buy in on, and have been enormously helpful. Second, a lot of my friends have found they couldn't recapitalize or raise an A. Having the terms that I do, it was pretty easy for my investors to re-up when I needed it.