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Understanding Safes and Priced Equity Rounds by Kirsty Nathoo

Startup School by Y Combinator

CHAPTER

How to Raise Money on Convertible Notes

Don't over optimize for valuation caps, says Maer. Don't try to push this up far because you're negotiating with investors who do this all day and every day. And the extra pain for negotiating that two million dollar cap is probably not worth it. Soin on, use post money safes where you can, hopefully all of you can use those going forward.

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