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mikk0j
on Sept 12, 2013
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Big Lessons from HackFwd
It wasn't "up to". It was those amounts stated in the docs, using only the number of founders (from one to three) as the proxy.
michuk
on Sept 12, 2013
[–]
Just as Mikko hinted, most startups took 191k for 27% of shares. The thing to remember is that HackFwd gets diluted in next rounds together with the founders, there are no anti-dilution clauses in Geek Agreement (which is public, btw).
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