I totally agree. A startup founder has to spend so much time and energy understanding these preferential downside protections. Raising money is so time consumin

I totally agree. A startup founder has to spend so much time and energy understanding these preferential downside protections. Raising money is so time consuming solely for this reason. If everyone were to just stick to the fundamentals of simple accounting, the startup world would be a far better place. I really appreciate what these professors have done.