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Absolutely NOT. The least your shares are worth based on the lowest valuation at which they are raising is $500,000. Why take a freaking 80% discount. Keep you
by rokhayakebe 9y ago
Absolutely NOT. The least your shares are worth based on the lowest valuation at which they are raising is $500,000. Why take a freaking 80% discount.
Keep your shares and consult with a lawyer who can ensure you are protected further down the line. PLEASE DO THIS.
I will guarantee 100% that the type of people that offer you 20 cents on the dollar (as a founder) are the type of people that will screw you. 100%.
- ericd 9y agoCommon shares are very different from the preferred that the VCs are buying. His stock is not automatically worth 500k based on this post.