Greg Brown discusses the complexities of startup valuations and the implications of a $50 million exit for investors.
🗞️ Get essential angel intel straight to your inbox every week with The Diligent Observer Newsletter. 🗞️ Today's episode explores three ideas that caught my attention: ① A $50 million exit may not be enough: Greg explains why a company can create real value and still fail to meaningfully improve a pre-seed fund’s returns. Entry valuation, dilution, and portfolio math all matter. ② Investors need to price risk when they take it: Greg shares how he talks with founders about valuation caps, SAFE...