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Is it fair to consider a markup in non-priced rounds with different SAFE caps?

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May 03, 2023
Hi everyone. About markups... what's the best practice for non-priced rounds? For example I invest using a SAFE with a $5M Cap and a few weeks later another investor comes in at a $10M Cap. Is it 'fair' to say there was a markup? Or is it necessary to wait until the priced round?
1 answer
Accepted Answer
May 03, 2023
Yes, you can call that markup

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