x0xrx
Joined 5 years ago
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Joined 5 years ago
(In my experience, the 409a is on the order of 20% of the most recent raise, and preference is not more than 50%, in my area. And obviously you hope to sell for more than the last raise!).
It feels likely that it could apply to any company that draws the current administration’s ire.
I agree it’s very reasonable to imagine that legal departments across tech are worrying, and might consider shutting down — especially if they are already losing money.
(I agree this is the point in contention, I just don’t understand it).
I can personally see how others would find it hard to read, just really doesn’t bother me. I can imagine being unconvinced that anyone really finds it to be that bad, and thinking it’s just HN contrarians being annoying, as usual.