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The money is effectively free for founders unless their company does incredibly well. Also, at 1.5% equity and no effective shares till that valuation threshol
by kevin 11y ago
The money is effectively free for founders unless their company does incredibly well.
Also, at 1.5% equity and no effective shares till that valuation threshold, we don't have enough equity to force companies to do anything they don't want. That's also part of our philosophy anyway.
- bjornsing 11y ago> That's also part of our philosophy anyway. True. That's why I said you guys can handle it. ;)