@MFN_SAFE
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1m
I have a free document on pre-seed funding at the above link which goes over the following issue. Plus fundraising strategies.
If your first SAFE was $4.9M PRE + $100K invest == $5M POST & then raise $900K (even at a $1B val), the 1st SAFE pre-money valuation decreases by $900K to $4M!!!