4 ms·
Starts with 7% of (I think) common stock. Then there's dilution on each following round. But I think YC started with the SAFE so they could match in higher rou
by santiagobasulto 5y ago
Starts with 7% of (I think) common stock. Then there's dilution on each following round.
But I think YC started with the SAFE so they could match in higher rounds (with preference price) and avoid diluting. But I'm not sure at all, someone else might know better.