What is Broad-based weighted average?
The market-standard, most founder-friendly antidilution, adjusting the conversion price by the size of the down round relative to total capitalization.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.