3 ms·

Thanks for clarifying. Is your 3.5-5M valuation cap number pre- or post-money? Given what you said, it looks to still be in the range of 25-35% investor owner

• balls187 12y ago
  The cap is applies to the pre-money valuation during a following priced round. Yeah, your numbers (25%) seem correct, but based on standard seed terms. Another commenter pointed out that PA was a hot YC deal, which may have led to much more preferable terms.