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This is precisely why the terms are so good. With no cap, there's no downside to taking the deal unless you are 100% sure that you will never read to raise mone
by mlinsey 16y ago
This is precisely why the terms are so good. With no cap, there's no downside to taking the deal unless you are 100% sure that you will never read to raise money ever.
- davidu 16y agoActually, there is still no downside. I haven't seen the terms, but like any debt or equity investment, I'm sure there is some modest redemption ability in the event an exit or subsequent round never happens.