This pro rata side letter is an optional companion to YC's Postmoney Safe (Seed) Share Subscription with a valuation cap
The letter gives the investor the right to purchase its pro rata share of Standard Preferred Stock being sold in the Equity Financing
The pro rata side letter can only be used with forms of the safe that have a Post-Money Valuation Cap
See the Y Combinator Safe User Guide for further information
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Used by
Business categories
Investment
Business activities
Create A Pro-Rata Investment Side Letter
Contract type
Pro-Rata Side Letter To Investment Agreement
Relevant sectors
Technology
Relevant company sizes
1 - 3
20 - 49
4 - 19
50 - 249
Governing law
United States
Language
English US
Gender neutral
Yes