A blogger somewhere saw the terms of the note and commented on it (don't remember what site). Basically if the note converts for any reason other than an equit

A blogger somewhere saw the terms of the note and commented on it (don't remember what site). Basically if the note converts for any reason other than an equity round it does so at a $5M cap. Even more interesting: that $5M cap also applies if the terms of the future equity round don't allow for re-upping. So basically, if StartFund can't re-invest in the next round, they get better terms on the note. Really smart.