valuation cap
C1CEFR level
75/100Rarity: rare
TechnicalRegister
The maximum company valuation at which a convertible instrument will convert into equity, protecting early investors from dilution.
The angels pushed hard for a lower valuation cap so their SAFE would convert at a better price.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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