Leading Expert in Startup Financing and Strategy in Latin América. Founded an International Venture Capital Firm, focused on selection of business opportunities, portfolio management, business development, entrepreneurship, internationalization, competitive development. Very active and connected in the entrepreneurial and innovation ecosystem in Latin América.
At that stage, its better to receive funding by a convertible note than with equity. Discuss valuation in further rounds when everyone has a better understanding of the value being created. Doing it at such an early stage and with non professional investors creates a huge contingency for future financing.