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A comment on An Analysis of the YC "Open Sourced" Documents In Layman's Terms. Parent comment

Re:An Analysis of the YC "Open Sourced" Documents In Layman'... by dats on Friday August 22, 2008 @04:53AM (#283560)
Well, Agarwal says the remaining is split on an "as converted" basis which implies non-participating preferred. So it seems right to me!
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Re:An Analysis of the YC "Open Sourced" Documents In Layman'... by aston on Friday August 22, 2008 @05:01AM (#283563)
Definitely should be clarified in the article, though. I had no clue what as converted meant despite some casual research into common terms. I doubt people totally new to term sheets would have a clue about participation based on what's there now.
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