Paul - re common/preferred issue - as an entrepreneur, it's a huge deal to me and my co-founders. Here's a relevant excerpt from Venturebeat: "...VentureBeat

Paul - re common/preferred issue - as an entrepreneur, it's a huge deal to me and my co-founders. Here's a relevant excerpt from Venturebeat: "...VentureBeat thus believes Y Combinator's approach offers an advantage to entrepreneurs because they are not held hostage by the often onerous privileged rights that preferred shareholders often demand, such as minimum payouts upon acquisition or dissolution, rights to receive compensation before common, or anti-dilution rights. Common stock aligns the interests of Y Combinator with the interests of the founders and employees, who also hold common."