A VC group demanded 70% equity for a $500,000 seed check
Shazi Visram · Happy Family Organics: Shazi Visram · Jan 20, 2020 · at 29:04
Shazi Visram, founder of Happy Family Organics, describes the predatory term sheet she was offered when attempting to raise initial seed capital for the baby food company.
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“It was it was 70%. They would own 70%, have every blocking right, every, every, every right to”
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