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Ask HN: What is a typical cap during a pre-seed round?
3 points by HD134606c on Aug 11, 2017 | hide | past | favorite | 3 comments
What is a typical cap during a pre-seed round?



Pre-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.


The 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...




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