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Keeping Your Prorata in a Company
Prorata is another term of art, if you will. Here in silican valley, it means you get to keep your percentage ownership in a company. Some people don't care about prorada. They make one bet, like i used to on uber or eta robin hood,. I would just make one quick bet, and then i would get diluted down. If they're raising 30 million and we own ten %, which has happened to us recently, we needed to be three of the 30 million dollars. Now we're trying to keep our porada even as our companies get to, you know, a valuation of 500 thousand or 600 thousand, 600 million dollars or 500