I like #3. It increases alignment of investors with the fonuders. I do wonder what the top line valuation was for the round, aka what ownership stake does this

I like #3. It increases alignment of investors with the fonuders. I do wonder what the top line valuation was for the round, aka what ownership stake does this $1.3M represent. I think that's a key clause esp when the company might pursure a lower growth but more sustainable option. If they have models it'd be interesting to discuss them for sure.