2 ms·
I might be wrong here but seed rounds are usually convertible debt, so no dilution.
by gfodor 13y ago
I might be wrong here but seed rounds are usually convertible debt, so no dilution.
- CyrusL 13y agoIt would be more accurate to say that there is a lower bound on dilution with convertible debt (if the debt converts at the valuation cap) but there is no upper bound on dilution (if it later converts at much lower than the valuation cap).