This is one of the most blatant cases of spin and justification I've ever read. VCs put "ratchets and downturn protections" in order to satiate founder greed? H

This is one of the most blatant cases of spin and justification I've ever read. VCs put "ratchets and downturn protections" in order to satiate founder greed? Ha! More like VCs waved huge valuations in front of founders and said "don't worry about the terms, this is good for everyone." If nothing else this article does a good job of demonstrating why its important to always check your sources and their biases.