80% at 10 million or 40% at 15?

Too Long; Didn't Read

<a href="https://hackernoon.com/tagged/picture" target="_blank">Picture</a> this: You raised a million in seed. It has been two years. You have traction but not that level that you <a href="https://hackernoon.com/tagged/anticipated" target="_blank">anticipated</a>. You have to raise Series A. There are some nods, nothing in paper. You will run out of cash in 3–4 months. The team will rebel. Some of them have kids. It’s been a stretch. If you do series A at terms below your expectations, you’ll lose control. It is going to be tough but you have the spirit.