Bad Notes on Venture Capital
Both Sides of the Table
SEPTEMBER 18, 2014
If you want to give them a 50% discount offer them $1 of common-stock warrants (no liquidation preference) for every $1 of stock they buy. If you want to give them a 33% discount you offer them half of a $1 common-stock warrant for every $1 share they purchase. “But how do I offer cheaper prices to early investors?”
417 
Let's personalize your content