[jim_greco]

The pro-rata provision is only for raises of $100M or more post-money. Is YC only going to do these transactions for post-money between $100M and $250M? Or will you ask to be part of raises below $100M?

[snowmaker]

Is that true for the provision for companies in S'14 or later? The new policy will only apply to those companies.

[jim_greco]

It's true for W15.