Term-sheets and Valuations: Thinking about Negotiations - Startups.
Tim Keane
JANUARY 12, 2010
In a bottom up approach, the forecast is built from actual user projections. A full ratchet anti-dilution clause is very unfriendly to entrepreneurs; it requires them to make up the entire difference in price from their own holdings. In a bottom up approach, the forecast is built from actual user projections.
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