early stage check
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 20, 2024 by Cem Sertoglu · across every show →
Everything said about early stage check, oldest first
Nov 20, 2024
Sertoglu: Seed and Series A Rounds Are Alignment Contracts, Not Investments
“The early rounds are not real rounds. There are contracts where you're demonstrating alignment around, around a target that is very far out ahead. I mean, every early stage check, you're buying a very out of the money call option on these businesses. So it's n…”