[chrisgd]

33% of the business in a seed round is nuts

[ak_111]

can you elaborate more, also isn't this necessary for a Lab that wants to compete with highly funded entities (like OpenAI, Anthropic)?

[chrisgd]

At this rate, with round 4, outside investors own 70% of company.

It’s not wrong, but unusual. Most seed round might be 10-20% of business. Your point on quantum of capital could be the disconnect for me.