Ask HN: How does a cash acquistion with SAFEs work?

7 pointsposted 2 days ago
by funnywalrus

Item id: 42197246

3 Comments

hehehheh

2 days ago

I guess:

A gets $60000 which is 10% due to cap.

B is below cap so gets $50k worth of shares in the pile of cash. Or $50k if you like.

ipaddr

2 days ago

Check the terms: it becomes debit or prorated shares