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What is the Approximate Value of Markup in a $3M Seed Raise with a $15M Cap/20% Discount SAFE?

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May 03, 2023
Anyone have thoughts on how to quantify the approximate value of the markup in the following scenario? A year ago I invested in a $3M seed raise on a $15M cap/20% discount SAFE. Last month the company raised $6M on an uncapped/no discount SAFE so the new money will get the terms of the next round which will be priced. (they are growing revenue but did this to build cash reserves for the downturn)
1 answer
Accepted Answer
May 03, 2023
Unfortunately, you will not be able to calculate a markup here.
Does the combination of capped and uncapped SAFEs create any side-effects or considerations when the priced round comes?
Community Member
Jul 21, 2023 10:17pm
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