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by austenallred
2493 days ago
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> VC's giving gifts to be able to get in rounds looks like something out of Silicon Valley HBO It's actually super common. I've probably received 20+ random gifts. Everything from shoes to jackets to bitcoin miners and bottles of wine (I don't drink). If there's a $7.5m deal that will eventually be worth 10x that (say it returns $75m to the investor), a $200 tandem bike doesn't really move the needle. |
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I didn't know that, I knew that was normal practice on recruiting but I didn't imagined it on fundraising.
> that will eventually be worth 10x
The seed stage VC's are probably targeting more on the 100x - 1,000x range :)