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peloton
4482 days ago
Can't confirm for ERA but this is standard practice for accelerator programs. 500, etc. do this.
2 comments
danielweber
4482 days ago
Anti-dilution for someone who owns 3% of the company can make sense. Anti-dilution for someone with 50% or more of the company doesn't.
If 5% of the shares are protected from dilution, that still leaves 95% of shares that can flex.
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clamprecht
4480 days ago
Does YC do it?
link
If 5% of the shares are protected from dilution, that still leaves 95% of shares that can flex.