4 ms·
Unless they have anti-dilution provisions as well. Sounds crazy? ERANYC has this (unless they've changed their terms). We were accepted, but turned down thei
by clamprecht 13y ago
Unless they have anti-dilution provisions as well. Sounds crazy? ERANYC has this (unless they've changed their terms). We were accepted, but turned down their $40k because the anti-dilution was a show-stopper for us.
- peloton 13y agoCan't confirm for ERA but this is standard practice for accelerator programs. 500, etc. do this.
- danielweber 13y agoAnti-dilution for someone who owns 3% of the company can make sense. Anti-dilution for someone with 50% or more of the company doesn't. If 5% of the shares are protected from dilution, that still leaves 95% of shares that can flex.
- clamprecht 13y agoDoes YC do it?