AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Navigating SAFEs, Pay-to-Play Rounds & Risks with Becki DeGraw | Wilson Sonsini Startup Legal Basics
This Week in Startups
The Ups and Downs of Investing
I started investing as an angel as a scout for Sequoia in 2009 10 right after the great financial crisis I only knew an up market. Down rounds will be well first of all like it was like 40% of all the private company financing that we see and that's both on the company on the investor side. And then when we saw like pay to plays being used in down rounds that increased from something like 15% like 40%. Huh those things growing 20% a year instead of 3x where this thing's not growing. What is it actually worth it maybe it has to be sold so this all is going to happen in the next 12 months. It's going to get crazy it
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode