
Understanding Safes and Priced Equity Rounds by Kirsty Nathoo
Startup School by Y Combinator
Why Do They Have Different Post Money Valuation Caps?
Companies can negotiate different post money valuation caps on shares. This is because things change through the company, and it's totally fine to have different caps. But remember those safes, so these founders don't actually have 92 and a half %,. because they have also sold 15 % of the company. So again, it's really important to keep track of how much you've sold on your safes.
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