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I dont even know the legalese of that I know how to receive cash compensation I have no idea how to receive equity in a reliable way where I dont get swindled uh thats a perfectly reasonable Point theres a great instrument called a safe which is variation on convertible debt so the way youd handle getting paid especially when youre outside the context of a priced round the if the company doesnt have cash what they can do is write a note basically an IOU right Im going to pay you a certain amount of money at some point in the future in great likelihood they dont actually have the cash for that and we need to agree that were not going to come after them for the cash for that so instead were going to subordinate it this idea they could convert that cash into Equity at a certain price so whats that price going to be and this is where the cleverness comes in because you can say that the price is going to be like at a 20 discount to the next round of equity that comes in and that
