When A Down Round Actually Saved a Startup

Down rounds carry a stigma, but they're not always the end of a startup’s story.

Charles Hudson of Precursor Ventures shares an example of a company that survived a difficult fundraising process involving a down round and investor-friendly terms. It wasn't easy, but making the hard financing decision ultimately gave the company a chance to keep building.

For founders, the lesson is simple: The best fundraising outcome isn't always the highest valuation — it's the one that keeps your business alive.

Get more of Hudson’s advice in the latest episode of our Build Mode podcast right here: http://spr.ly/6183BEH27H