3 ms·
> MFN SAFE I'd guess most people wouldn't know the meaning, so here it goes: MFN Clause: In a most favored nation (MFN) clause, if subsequent convertible secu
by simonebrunozzi 4y ago
> MFN SAFE
I'd guess most people wouldn't know the meaning, so here it goes:
MFN Clause: In a most favored nation (MFN) clause, if subsequent convertible securities are issued to future investors at better terms (e.g., a lower valuation cap), the better terms will automatically apply to the investor's SAFE.