I have seen the various documents the incubators (like Techstars Seed Funding Documents) have posted. These all represent follow on investments after their program.
What kind of terms can you expect from the incubators themselves?
Most indicate they take common shares and dilute along with the founders. However, I recently saw an incubator term sheet with an anti-dilution provision and a stock option pool, even though startups typically would not hire employees at this early of a stage.
Are anti-dilution clauses and stock option pools acceptable terms at this early of a stage in an incubator?