3 ms·
As with everything, the devil's in the details. If your funding arrangement allows a minority investor to veto future fundraising, subordinate liquidation pref
by 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.