Creative term sheets allow investors to «stretch the terms... to provide [investor] protection on the downside and to allow the ego - stroking of being a unicorn company.»
People should consider Market Crash Insurance through buying out of the money puts to on SPY Index, this way when the market crashes you have
protection on the downside — What do you think Barbara?
Times of low volatility can be opportune for buying an equity hedge while it's inexpensive, to target
some protection on the downside.
Then there might be
some protection on the downside with some undetermined probability, however slight, of regression to the mean in terms of earnings.