Can you comment in general on when you consider a seed round to be overpriced, and what exactly goes into that determination?
I see several seed rounds (~$1-2m rounds - not sure if this is also the size you're referring to) on crowdfunding sites priced at $10m or so pre-money, with revenues just starting to approach ~$100k per month, and so far haven't invested in any because they all struck me as overpriced. They would definitely have been way cheaper a few years back in that same situation.
I see several seed rounds (~$1-2m rounds - not sure if this is also the size you're referring to) on crowdfunding sites priced at $10m or so pre-money, with revenues just starting to approach ~$100k per month, and so far haven't invested in any because they all struck me as overpriced. They would definitely have been way cheaper a few years back in that same situation.