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Rural Canadian with no college degree here. Our competing fundraising offers were 1. A $10k loan from a bank or 2. $250k CAD on $750k CAD with a board seat and
by rogerkirkness 5y ago
Rural Canadian with no college degree here. Our competing fundraising offers were 1. A $10k loan from a bank or 2. $250k CAD on $750k CAD with a board seat and 2x liquidation preference. YC deal was like helicopter money generous at $125k SAFE for 7% compared to alternatives.
- hypatiadotca 5y agoOh man offer #2 is such a classic bad Canadian angel deal. Amazing.