what&#x27;s a &quot;competitive price tag&quot; for a &quot;pretty lame raise&quot; mean in valuation for you? I was shocked to see the article say:<p>&gt;I&#x27;d close the first, say, $200k from the first reasonably good investors that offer it on reasonable terms--say a $5 million pre-money valuation or higher.  This removes some uncertainty and pressure, gives you capital to execute with while raising the rest of your round, puts you in a stronger position, etc.  <i>It&#x27;s worth a discount for all of this.</i>  (Emphasis added.)<p>Which means that a $5M seed-stage is a &#x27;dicount&#x27;!  (The true price would be at a higher valuation.)  That is a shocking phrase to use, when selling a company for $5M outright is a pretty good outcome for 95% of people who create a company in the tech space.