Got an offer from a VC, is it bad? (I will not promote)
Hi all,
I got an offer from an early stage VC (not gonna name names) but they are pretty big in Europe, the exact deal is €50k, SAFE, capped at 1M, for some context: it was a warm intro from a friend, I’m 16 y/o (though the deal was forming when I was 15) the VC tends to be one of those “back the founder not the idea” but that’s actually every vc, right?
Just wondering (because the same friend was like “what the f**k” when I told them about the deal (I know nothing about venture capital) and the term sheet was not signed) how bad is this deal?