3 ms·
Nope. They still retain their perpetual, unlimited 4% pro rata in addition to the 375k most favorable note. This is extra pro rata.
by dannyw 5y ago
Nope. They still retain their perpetual, unlimited 4% pro rata in addition to the 375k most favorable note.
This is extra pro rata.
- lmeyerov 5y agoYep, and apparently forced bc they give the $ on day 1. That's a lot of %, and before most founders understand what is happening, esp. in their target demographic....