A note from Sary

Venture capital takes over where angels leave off. Venture capitalists (VCs) are wealthy investors (or groups of investors who pool their funds) with very large sums of Capital available: tens (or hundreds) of millions of dollars in a single investment. Funding via venture capital happens in rounds" that start small, then grow as more Capital is needed. Later rounds can dilute the ownership percentage of current shareholders, so there's often a great deal of negotiation involved. VCs also require large amounts of control in exchange for large amounts of Capital, which usu ally means seats on the company's board of directors.

Sary The Personal MBA, page 208 · November 5, 2023 Save to shelf
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