Founder Issues

What the greatest technology investors say about Founder Issues

Never Share Your Minimum Valuation Number with Investors

Chris Dixon General Partner Andreessen Horowitz, angel investor and former entrepreneur

“Come up with what minimum valuation you’d be happy with but never share that number with any investor.  If the number is too low, you’ve set a low ceiling.  If your number is too high, you scare people off. [You] only get to your desired price by starting lower and getting a competitive process going. When people ask about price, simply tell them your last round post-money valuation and talk about the progress you’ve made since then.” Chris Dixon, Best practices for raising a VC round, May 4, 2011;  http://cdixon.org/2011/05/04/best-practices-for-raising-a-vc-round/