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by imjk 4177 days ago
Sorry for my naiveté but why does someone like Kevin Rose raise money at this point? Surely, he's cashed out enough that he could fund these sorts of projects on his own, at least at the seed stage. I would assume he has enough connections that he doesn't need to give up the equity for advice either. Can someone help me understand this? I often hear about people who I assume to be immensely successful raising seed rounds for their next projects and I'm often confused as to why. Wouldn't they want to keep as much equity as they can at this point?