We're looking at a possible seed deal right now. It's $750K from a firm who has a current fund size around half a billion. I have two questions.
Has anyone ever seen a seed deal where the firm doing the seed did not lead or co-lead the next round and the company still went on to raise money? In theory this is possible but I have yet to see an example where this happened which leads me to believe it is virtually impossible.
If we head north according to plan the next round will not be a problem. If we head south it's all a moot point. But if we are somewhere in between at the time when we're ready to do our next round is there any strategy other than to take what the firm gives us when we need to raise next? Per the above question it doesn't seem like there is as the firm would have an implied ROFR and therefore could sit on their hands until the last minute (not saying they would do that but...)