Anyone have thoughts on how to quantify the approximate value of the markup in the following scenario? A year ago I invested in a $3M seed raise on a $15M cap/20% discount SAFE. Last month the company raised $6M on an uncapped/no discount SAFE so the new money will get the terms of the next round which will be priced. (they are growing revenue but did this to build cash reserves for the downturn)
1 answer
Does the combination of capped and uncapped SAFEs create any side-effects or considerations when the priced round comes?
Jul 21, 2023 10:17pm
Apply to VC Lab Cohort 17
Get full access to Decile Base and the Decile Hub venture platform for free by joining the VC Lab program.
Apply to VC Lab Cohort 17Related Questions