Viewing profile — pmen
pmen
HN member- Joined
- Thu, Dec 05, 2013, 11:15 PM UTC
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About pmen
Recent public activity
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Comment #12417442
The Crowd Safe is designed to give investors the same economic outcome as shareholders, and doesn't cap upside upon conversion. If you're referring to the valuation cap (the only r…
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Comment #12417386
You're right -- a company with $25M in assets and 500 unaccredited shareholders is essentially forced to go public. That's why traditional security instruments are poorly suited fo…
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Comment #12416971
Companies raising under Title III file annual reports with the SEC. That said, public companies in which you own stock and private, early-stage startups have vastly different capac…
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Comment #12416885
It sounds like you might be thinking of Title IV of the JOBS Act (Reg A fundraises, more details here: https://www.sec.gov/oiea/investor-alerts-bulletins/ib_regula... ), which are …
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Comment #12415797
You raise some good points. The Crowd Safe is essentially a YC Safe (which in turn is a standardized convertible note) that gives companies control over when to convert, rather tha…