> In a typical scenario where you raise your next safes at a $15M post-money valuation cap, the $375,000 MFN safe would convert into $375,000 / $15,000,000 = 2.5% of the company.
Maybe, I misunderstood then! I thought they were referring to next funding round to hand over rest of $375k. But in fact, it was just the calculation to explain the valuation of the company in ref to that balance.
Maybe, I misunderstood then! I thought they were referring to next funding round to hand over rest of $375k. But in fact, it was just the calculation to explain the valuation of the company in ref to that balance.