Question
I'm trying to figure out the value of my company for our seed round. I'm currently building the product with a very large company that wants to be a customer and probable investor.
We are a SasS company in the senior care market sector. There are two similar companies which had seed rounds in the past year, Filament Labs and Medocity.
Filament Labs
https://www.crunchbase.com/organization/filament-labs
Medocity
https://www.crunchbase.com/organization/medocity
Answer
From my experience I would not advise you to go with Venture Capital when you're a start-up as in the end they will most likely end up screwing you. A much better source for funding would be angel investors or friends/family.
The question of how much equity should I give away differs for every start-up. I remember with my first company I gave away 30% because I wanted to get it off the ground. This was the best decision I ever made. Don't over valuate your company as having 70% of something is big is a whole lot better than having 100% of something small. You have to decide your companies value based on Assets/I.P(Intellectual Property)/Projections.
I assume you have some follow up questions and I would love to help you so if you need any help feel free to call me.
Kind Regards,
Giuliano
