Raising money inevitably dilutes the stakes of company investors, employees and founders, but the idea is that a growing valuation results in a net positive, as it increases the value of everyone’s now-smaller slice of the pie.
Bulgaria’s JEREMIE experiment
As the pilot JEREMIE programme for funding startups in Bulgaria wraps up its first stage, inventures takes a look at what has been achieved and what is yet to come. Back in 2011, “startup” was not even much of a concept in Bulgaria and to speak of an ecosystem would have been quite a stretch. […]