Mastery card
I can explain Anti-Dilution
Protection that adjusts an early investor's price if a later round is cheaper.
Anti-dilution provisions protect investors if the company raises a down round at a lower price, usually via weighted average or full ratchet adjustments to their conversion price.
Sticky trick
Broad-based weighted average is founder-friendlier than full ratchet - know which one you signed.
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In plain English, what is Anti-Dilution?
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