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I mean a round on an artificially low price. This is an contrived example: founders own the majority of the company and fundraise $1 from themselves at $1.01 p
by sytse 5y ago
I mean a round on an artificially low price.
This is an contrived example: founders own the majority of the company and fundraise $1 from themselves at $1.01 post, wiping out existing investors.