I don't understand. When would a company *ever* want a capped note? It only prov... | Hacker News

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		gumby on Jan 10, 2022 \| parent \| context \| favorite \| on: YC’s $500k Standard Deal I don't understand. When would a company ever want a capped note? It only provides a benefit to an investor, at the company's expense.

danr4 on Jan 12, 2022 [–]

with MFN clause, it is capped to your next SAFE cap. YC probably expects most of the companies to raise a SAFE round after YC.

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