There's no valuation cap on this note (until a >50M round happens). It is a variation of the standard YC deal, but on some of the worst terms for an investor.(there's no pro rata, preferred liquidation either). The only…
There's no valuation cap on this note (until a >50M round happens). It is a variation of the standard YC deal, but on some of the worst terms for an investor.(there's no pro rata, preferred liquidation either). The only…