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Hey Oliver, I'm building Captable.io at LTSE. No, pre-money safes do not convert at a fixed ownership. It depends on how many other convertible securities are c
by rayshan 6y ago
Hey Oliver, I'm building Captable.io at LTSE. No, pre-money safes do not convert at a fixed ownership. It depends on how many other convertible securities are converting at the round. The complex math is one of the reasons YC came up with the post-money safe. If you can share all your inputs here or email me at ray at ltse dot com, I'm happy to help.