Has anyone ever raised a seed round giving different terms to different investors in the round?
I created fundingclock.com to structure my own seed raising. Would love to get some input before putting it into practice.
fundingclock.com advocates for using the safe (simple agreement for future equity) with a variable discount based on timing of investment.
Is this an effective method? How about a variable cap?
Paul Graham talks about something similar in High Resolution Fundraising http://www.paulgraham.com/hiresfund.html