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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raising $1 at a $100bn valuation to clear out mfn backlog… brb
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don’t actually know what the countermeasure for this is lol
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