LIAR'S VALUATION

Summary from the TLDR newsletter

Startups are raising money without really understanding what it all entails. This post was written to clear up a lot of the terms so people understand what they are signing up for. It covers how startup equity mechanics get manipulated, so people considering joining startups know exactly what they're getting into. Time is the only asset you can't make more of, so you should know what you are trading it for.