What this teaches
Quantifies the second-seed phenomenon: how common repeat seed rounds are and what they do, statistically, to a company's Series A odds and terms.
Why it matters
Data for one of the most common founder dilemmas: bridge again or push for the A.
Key lessons
- Second seeds are common, not a scarlet letter, but they change A-round odds
- Understand the signaling cost before extending
Redpoint
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