On the bad side: Often times VCs demand board seats in a large round and put in terms in the contract so they can block acquisitions. The ballpark is that VCs w

On the bad side: Often times VCs demand board seats in a large round and put in terms in the contract so they can block acquisitions. The ballpark is that VCs would like to get back ~5x valuation. I don't know what the valuation in this Series-A was but I assume it was north of 200m, meaning they would need to exit as a unicorn. On the good side: It's not unusual for founders to demand a secondary sale to take some money off the table when VCs come in, especially in successful startups that raise lots. This is the counter "de-risk" move that the founders can (and probably should) pull so everybody can swing for the fences and the founders aren't the ones holding the bag if things go wrong.