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Hi there, it seems like YC now is moving towards a post money valuation on their safe so you can have a better idea on what percent ownership you have after you participate in a SAFE / convert note. A nice option in your note would be the ability to include the dilution of SAFEs and converts into the fully diluted shares or the ability to include all converts or SAFE's issued after your particular cvt note or SAFE. we have been running into issues where the company keeps issuing SAFES and convert notes and while the cap may say $10MM, by the time you add in extra dilution from say a $3.5MM convert issuance and a new 15% top up for the option pool, the cap is essentially much higher..

- Adding new and revised documents to equity
- Adding Seed Notes documents
- Adding CONTRIBUTING.md
Adding language to emphasize that, by offering the forms and making certain language "optional", Cooley is not taking any position on whether a particular provision is "market" or not.

Fixed URL that was pointing to staging repo.
References to this repository and the Cooley GO Docs generator in Documentation provision.
Removed reference to GitHub, lest we scare some folks.
See Release Notes.
See v1.01 in Release Notes
v1.01 - Documentation provision (Term Sheet)
Addressing Issues #6, #7, #8.
Switched to a new text editor, which applied a different encoding, messing with certain single quotes.
Certain section references in and to 3.9.3 were incorrectly pointing to
3.9.2.
"Change of Control" changed to "acquisition"
Removed unnecessary resolution.
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2 participants