Is the point here that Techstars "7-11% equity" claim is accurate given the rang... | Hacker News

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		tptacek on Oct 3, 2014 \| parent \| context \| favorite \| on: We Got Accepted into Techstars and Turned Them Dow... Is the point here that Techstars "7-11% equity" claim is accurate given the range of possible valuations for their convertible note? Or is it just that it's not as inaccurate as the post claims?

seats on Oct 3, 2014 [–]

The quora post is correct (note is a 100k convertible 3 mil - 5 mil cap, 20% discount). It appears that the OP misunderstood the terms.

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