Some helpful hints while filling out the application
Do: Be candid and direct. We understand that as a startup there are still many gaps, that's why we are here.
Don't: Embellish, use hyperbole or empty adjectives or unfounded sweeping statements.
Do: Include the videos
Don't: Disclose any information that you consider to be confidential or proprietary. Because of the large number of applications and related materials that we review, and the similarity of many such applications and materials, we cannot accept responsibility for protecting against misuse or disclosure of any information.
Crestlight typically invests $200K in exchange for a convertible note and purchases 10% of your common equity at the founders' price. The note has a 20% discount and no cap unless you’re raising funds from other investors in parallel, in which case Crestlight may adopt the other investment terms. Crestlight also receives participation rights in subsequent financings, and it does not normally take a board seat. Contact us to request our standard investment documents for full details.