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Sorry if this is obvious, but it's $250k for what percentage? I have something that might be the type of startup (integrating AI into algonfts.art) except it's
by ilaksh 4y ago
Sorry if this is obvious, but it's $250k for what percentage?
I have something that might be the type of startup (integrating AI into algonfts.art) except it's not a very popular niche and probably wouldn't make back the $250K. Although that reality doesn't seem to stop most people.
- version_five 4y agoAs I understand it's at the best terms they give on their next raise, ie if they raise at a 2.5 Million valuation, this investor will get 10%. That's the mfn clause. Edit: already explained in several posts above