Raising Seed Funding? Use This Convertible Note Template [Thanks Mobstac Team]

Now when we raise our next round (Series A), let’s say we raise $500k from a VC firm at a pre-money valuation of $1 million. Since the seed round helped us increase the company’s value to that much, we ought to give the angels a valuation that is lower than this $1 million, because at the point they invested, there was a lot less. Just you and me and a prototype, basically. Right?