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#053 Rolling Fun #4: Q4 Portfolio Recap, Crypto Long-view, Uncapped Notes, and Fund Growth
Smart Friends
Investing in Uncapped Notes Is Not a Good Idea
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An uncapped note provides a company with more than six to twelve months of runway and when there is it's a very different dynamic. The last two or three notes that i've done that were uncapped were literally 90 to 180 day bridges where they already had a likely lead. Getting a 20 discount for investing four months before an a round is something that doesn't stress me out, he says.
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