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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hope your energy company is doing good..
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early days
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Usually a ‘qualified financing’. Usual terms are >$XM, not from insiders, etc. etc. Will also detail what happens in an acquisition.
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in the yc docs it seems it’s up to the investors to decide if the terms are more favorablepic.twitter.com/PGNWumor5b
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