Wow that really sucks. In hindsight, could you have hit up your current investors for the bridge round before shopping around the Valley, or would that have put VCs off too?
As one of my favorite private equity friends likes to say, "a bridge to nowhere is a dock."
We were offered some additional capital but it wasn't enough and our conviction was smashed. Until you've been in this sort of situation, you can't know how you will feel or react. Experience is a great teacher.
We were offered some additional capital but it wasn't enough and our conviction was smashed. Until you've been in this sort of situation, you can't know how you will feel or react. Experience is a great teacher.