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GoofyBiscuit
3one4 Capital32mo
Not sure about this. So there are two anti-dilution clause: full ratchet n weighted average. The math mentioned here is in the case of full ratchet while majority of the investors follow the latter, in which case, existing investors would also take the hit alongside founders
FuzzyLlama
Stealth32mo
Ooh, in that case how much hit would existing investors take? Same as founders and employees? Or it would be less?
DizzyWaffle
MakemyTrip32mo
In every scenario, if founders didn't cash out, it's 0 for them or on mercy of investors if they survive
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