Spiegel: Founders Can Only Optimize for Two of Investors, Terms, or Valuation
Evan Spiegel · Snap: Evan Spiegel · Apr 21, 2025 · at 30:58
Snap co-founder and CEO Evan Spiegel outlines his fundraising mental model on negotiating terms, valuation, and investor selection.
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“You have three things you can optimize for when you're raising money. You can optimize for the people you're working with, like the venture capitalists, You can optimize for the terms, you can optimize for the valuation, but pick two.”
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