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Ask HN: What is a typical cap during a pre-seed round?
What is a typical cap during a pre-seed round?
- relaunched 9y agoPre-seeed? Friends and family or seed rounds are typically unpriced. It's convertible debt, with a discount and floor / ceiling on an eventual qualified / priced round.
- JeffBrown 9y agoThe smarter entrepreneurs and angels are using non-equity instruments like SAFE's or old school Convertible notes and letting later money set valuation.
- HD134606c 9y agoMany (most?) safe's also have caps...