3 ms·

So... which is it? I don't know what "pro rata rights to follow in their agreement" means. Are they "locked in" at 7% regardless of other funding rounds or do t

So... which is it? I don't know what "pro rata rights to follow in their agreement" means. Are they "locked in" at 7% regardless of other funding rounds or do they have the option to buy in to future rounds to keep 7% ownership?

wjossey 8y ago
They have an option to buy to maintain their stake. They are not locked in and get diluted like everyone else.
- jtbayly 8y ago
  Thanks for the answer. And wow. This is the first time I've been downvoted for asking a serious question.
  - wjossey 8y ago
    How dare you not know what pro rata means! :) Happy to help. Be well!