Which is better – a $300,000 seed funding with 16% equity (to the investor) or $942,000 funding with 39% equity?
Usually, $942,000 for 39%.
I’m super sensitive to dilution. Selling 39% in a round is an awful lot.
Much worse is failing.
Keep your burn the same, and buy yourself 3x the lifespan, the runway.
This more than triples the odds you win. It probably 30x’s them.