A full ..... enables early round investors to preserve the value of their initial investment in a down round - they get additional 'free' shares so that their effective share price equals the new lower price, thus avoiding a markdown in the value of their investment. (*) deck (*) house (*) monty (*) ratchet
This is a companion discussion topic for the original entry at https://english.best/questions/9981,a-full-___-enables-early-round-investors-to-preserve-the-value-of-their-initial-investment-in-a-down-round-they-get-additional-free-shares-so-that-their-effective-share-price-equals-the-new-lower-price-thus-avoiding-a-markdown-in-the-value-of-their-investment/