What is a typical cap during a pre-seed round?
Ask HN: What is a typical cap during a pre-seed round?
1–4 of 4 posts
Re: Ask HN: What is a typical cap during a pre-seed round?
#2Pre-seeed? Friends and family or seed rounds are typically unpriced. It's convertible debt, with a discount and floor / ceiling on an eventual qualified / priced round.
Re: Ask HN: What is a typical cap during a pre-seed round?
#3The smarter entrepreneurs and angels are using non-equity instruments like SAFE's or old school Convertible notes and letting later money set valuation.
Re: Ask HN: What is a typical cap during a pre-seed round?
#4The smarter entrepreneurs and angels are using non-equity instruments like SAFE's or old school Convertible notes and letting later money set valuation.
Many (most?) safe's also have caps...