The terms are usually the same: invest at the new round's valuation such that ow... | Hacker News

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loumf on July 22, 2015 | parent | context | favorite | on: Pro Rata

The terms are usually the same: invest at the new round's valuation such that ownership percentage is maintained. They will only follow, so the valuation will be set by others.

jsprogrammer on July 22, 2015 [–]

Would be nice to see it in writing instead of assuming it's 'the usual'.

loumf on July 23, 2015 | [–]

http://www.ycombinator.com/docs/Series_AA_IRA.docx

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