
Accounting for startup financing from Pipe

The following formula on the next page is used to determine the new conversion price for the preferred when a weighted average adjustment is brought into effect: In applying this formula, consider the example used in the full ratchet discussion: a $2 Conversion Price for Preferred A that must be adjusted when a subsequent Preferred B round of 4 mil
... See moreAlex Wilmerding • Term Sheets & Valuations: A Line by Line Look at the Intricacies of Term Sheets & Valutions (Bigwig Briefs)
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Accounts Payable Invoice Automation That Scales | Routable
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