tldr; $125k for 7%, + $375k on an uncapped MFN (most favored nation) clause note. there's going to be a lot of MFN notes flying around, which should streamline a lot of early raises, will further a dynamic where the first investor who has the $ to price a round has lots of powerhttps://twitter.com/ycombinator/status/1480594667502649344 …
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I agree wholeheartedly - the MFN makes things even simpler than before to close. I wonder what restrictions on a priced round there is.
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i had been slow-burning for *years* pre experiment with my secret energy project and only just saw the opening to raise on uncapped MFN (really should price *after* the physics is explored adequately), now, this YC change shifts the landscape entirely. time to build, fam ;-)
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