Jain: Series A funds preempt rounds sooner and at inflated valuations
Gaurav Jain · 20VC: Why Now Is The Hardest Time To Raise an Institutional Pre-Seed in the Last Decade, What To Do When The Founder and VC Interests Do Not Align & The Rise of Pre-Emptive Rounds with Gaurav Jain, Founder & Managing Partner @ Afore Capital · Jan 6, 2020 · at 14:11
Gaurav Jain, co-founder and managing partner at pre-seed firm Afore Capital, discusses how aggressive Series A funds are preempting rounds at inflated valuations when early-stage startups show traction.
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“In a prepared mind for a Series A fund, we certainly see those rounds getting preempted, and maybe those rounds are getting done sooner than they would have five, 10 years ago, and they're getting done at a price higher than those companies probably deserve.”
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