Venture Deals · glossary
A class into which some articles move a holder that skips a new round. It keeps the preference but loses the other rights. Solaris chose plain conversion instead. Chapter 13
Explained in Chapter 13, The Down Round: Anti-Dilution and Pay-to-Play, of Venture Deals.
Some articles move such a holder into a shadow class instead, which keeps the preference but loses the other rights. Solaris chose plain conversion.Read Chapter 13, The Down Round: Anti-Dilution and Pay-to-Play →
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