Bad Notes on VC
Gust
SEPTEMBER 17, 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?” And so forth.
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