The Ledger
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Older founders are more efficient in spend and thinking than younger ones
“Yes, I believe that older entrepreneurs have the same or more fire. Sometimes the younger entrepreneurs are as technically adept or more than younger entrepreneurs as They drive value. Because of their experience, they're actually more efficient, both in spend…”
Dan Scheinman prefers priced rounds and SAFEs over convertible debt
“So my ideal preference is to do a price round. My second preference is to do effectively a safe. My dislike is of the convertible debt. I think it's ultimately, it's a lose-lose for both sides when things don't go so well.”
Overpriced seed rounds deter price-disciplined Series A investors
“There's a certain price which I think is too high because what I worry about is not that it doesn't work out numbers-wise, but I worry that it detracts or deters A-round people from actually investing. Because they are more price disciplined.”