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by pjc50
513 days ago
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> surely the founder would be able to sell the company for 1 million dollars instead of crashing and burning That is absolutely not guaranteed at all! It's not even guaranteed that the next funding round will be on a better basis, or not dilute you. The pre-IPO market for companies is illiquid and bad at price discovery. |
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It's not even guaranteed that there will be a funding round at all. Raising money is extremely hard, for most companies.