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by danshapiro
4579 days ago
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Aha. It seems odd then to say that there are two choices in the case of MFN conversion, when they amount to the same thing. I know YC has seen MFN usage in the "everyone gets $100k" scenario, but I also could see them useful for family and friends rounds where an unsophisticated investor with a conflict of interest wants to put in the first $10k but not set a price. In that case, a default conversion might make sense as an option. |
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