It seems like a hidden element that we aren't talking about which really might affect everyone's reference points is the time duration between SAFE and priced rounds.
For a lot of people, I see the difference being the start of the process, and the end of process which can be a few months - in which case, an uncapped with discount seems entirely reasonable.
It seems like you are referring to a case where a substantial time has passed to materially affect the valuation in a substantive way?
For a lot of people, I see the difference being the start of the process, and the end of process which can be a few months - in which case, an uncapped with discount seems entirely reasonable.
It seems like you are referring to a case where a substantial time has passed to materially affect the valuation in a substantive way?