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tyre
on Jan 10, 2022
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YC’s $500k Standard Deal
You would prefer a capped note if you think you'll raise at lower caps. If you think you'll raise at a $10m post-money cap then a SAFE with a $20m cap is better than an MFN SAFE
gumby
on Jan 10, 2022
[–]
I don't understand. When would a company
ever
want a capped note? It only provides a benefit to an investor, at the company's expense.
danr4
on Jan 12, 2022
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parent
[–]
with MFN clause, it is capped to your next SAFE cap. YC probably expects most of the companies to raise a SAFE round after YC.
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