Comment on TechStars Raises Fresh $24 M, Offers New Startups $100K EachparentComments−rdl14yWow. $3mm cap with 20% discount is horrible; I don't know of anyone currently raising money on those terms. There has to be some mistake somewhere.−borski14yIt's an "or," not an "and," I think. 3mm cap OR 20% discount, whichever is lower, but not both.These are average standard terms for a first raise, pre-seed. This just allows companies to focus more on building instead of raising.
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Wow. $3mm cap with 20% discount is horrible; I don't know of anyone currently raising money on those terms. There has to be some mistake somewhere.
It's an "or," not an "and," I think. 3mm cap OR 20% discount, whichever is lower, but not both.
These are average standard terms for a first raise, pre-seed. This just allows companies to focus more on building instead of raising.