This is very standard, Ycombinator, which hosts this board, does the same: https://www.ycombinator.com/about
replyNot exactly the same...
reply> YC invests $500,000 in every company on standard terms. Our $500K investment is made on 2 separate safes:
> We invest $125,000 on a post-money safe in return for 7% of your company (the "$125k safe")
> We invest $375,000 on an uncapped safe with a Most Favored Nation ("MFN") provision (the "MFN safe")
So YC values the company at $1.8 million. I don't think that's so different.
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