> Using a SEAL or the Indie.VC V3 terms seems more inline with how they want to run the company because it includes an instrument for investors to get an ROI wi

> Using a SEAL or the Indie.VC V3 terms seems more inline with how they want to run the company because it includes an instrument for investors to get an ROI with a payback clause if you choose never to sell. My thoughts as well, though apparently it was unnecessary as they filled the round in 24 hours despite the relatively unfavorable terms for investors. > I’d imagine there will be almost no pressure to sell because to my knowledge, no past employees or current contractors have equity, nor do they have outside institutional investors that want a return for LPs They did wipe out early employee equity, but this funding round does have $1mm of institutional VC investment leading it. That’s a curiously small number given the high valuation (effectively 1%) so I wonder if the VCs were more interested in leading the first big public startup investing round than the company itself. This raise is all over headlines today.