If this is really, truly the issue -- all the VCs are passing for geography alone, but otherwise would invest, and you need VCs -- then you, the CEO, should commit to moving to SF Bay Area.
At least in SaaS, today more and more VCs don't care at all where the company is based once you are post-Initial Scale (e.g., post $8-$10m ARR) if you're growing qu... (more)
It's absolutely "reasonable." Doesn't mean you should take it though :)
Let's step back for a minute. I'm going to suggest all true pre-revenue, pre-traction angel and seed rounds are overpriced. All of them.
What pre-revenue company could possibly be worth millions of dollars? Based on what comps analysis? What sort of DCF analysis? Ideas ... the... (more)
I think there's a part of the analogy that makes a lot of sense for early-stage investors that continue to invest in later rounds.
Let's take Storm Ventures as an example:
- The goal is to invest from $10-$15m in the best performers....