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This is true, but only to a point, and only when compared with a founder's other alternatives.

Seed-stage fundraising has never favored the entrepreneur more. In this climate, founders can get a higher valuation for their company from a high-quality set of angels, so 'ouch' seems pretty appropriate to me.




$90k+ for 27% is a higher valuation than most alternatives, particularly the alternatives available in Europe.




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