video1.0<iframe src="https://www.loom.com/embed/49cdc72c188d48e09cfdad31f7e74c62" frameborder="0" width="1838" height="1378" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>13781838Loomhttps://www.loom.com13781838https://cdn.loom.com/sessions/thumbnails/49cdc72c188d48e09cfdad31f7e74c62-d6c9aae92dcbbdff.gif195.18In this recording, I discuss full ratchet anti-dilution protection and how it impacts seed investors during a down round. We know that the series investors are putting in $5 million, resulting in a post-money valuation of $15 million, which means the founders' shares have dropped significantly from 50% to 33%. The seed investors will receive an additional 4.7 million shares to maintain their investment value, while the founders bear the dilution. It's crucial to understand these dynamics as they can greatly affect ownership percentages. Please review the cap table adjustments and let me know if you have any questions.