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69 propositions
65 inferences
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Claim
If someone makes you an acceptable offer, take it
Arguments
If it is true that...
Startups should approach fundraising in phases 2 and later by taking the best of the options in front of them right now
Then it must be true that...
If someone makes you an acceptable offer, take it
If it is true that...
When you start fundraising, your initial valuation will be set by the deal you make with the first investor who commits
Then it must be true that...
If someone makes you an acceptable offer, take it
If it is true that...
As you start to feel you've raised enough, the threshold for acceptable will start to get higher
Then it must be true that...
If someone makes you an acceptable offer, take it
Consequences
If it is true that...
Startups should approach fundraising in phases 2 and later by taking the best of the options in front of them right now
and
If someone makes you an acceptable offer, take it
and
If you have multiple incompatible offers, take the best one
and
Don't reject an acceptable offer in the hope of getting a better one in the future
Then it must be true that...
If you're raising money from many investors, roll them up as they say yes
If it is true that...
If someone makes you an acceptable offer, take it
and
If you have multiple incompatible offers, take the best one
Then it must be true that...
Don't reject an acceptable offer in the hope of getting a better one in the future