Venture Deals · glossary
The usual and mildest anti-dilution formula. It lowers the conversion price part of the way towards the new price, measured against a wide count that includes the option pool. It took the Series A conversion price from €1,000 to €800. Article 7.2 · Chapter 13
Explained in Chapter 13, The Down Round: Anti-Dilution and Pay-to-Play, of Venture Deals.
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