3 ms·

>Take the money and play your own game. Any example here?

• pbreit 8y ago
  Minority investors have zero control over you. People think they have to play the VC's game and they simply do not.
  • dgudkov 8y ago
    The level of control depends on the term sheet. As far as I understand, there is always a degree of control/preference, even when VC's share is minor. I haven't heard of term sheets that would give total carte blanche to the founder.
  • avinium 8y ago
    As with everything, the devil's in the details. If your funding arrangement allows a minority investor to veto future fundraising, subordinate liquidation preferences, etc etc, they can kill your company. Of course, most deals aren't on such onerous terms - but they do happen.