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How Funding Rounds Differ: Seed, Series A, Series B, and C...
- JackHerrick 16y agoA good read for entrepreneurs learning their way around Sandhill Road's alphabet soup.
- nivertech 16y agoNothing about Series F? Founders Institute has special Series F in their incorporation docs in order to protect founders.
- eladgil 16y agoSeries F is often actually a series seed or A stock instrument. I write more about it here: http://blog.eladgil.com/2010/03/vcs-starter-stock-why-how-to-ask-for-f.html http://blog.eladgil.com/2010/03/vcs-starter-stock-why-how-to...
- rmaccloy 16y agoFrom my understanding, you're describing (edit: something like) Series FF (i.e. what Founders Fund issues) there-- the founder's institute stuff has certain additional voting rights attached in additional to liquidity provisions. From Scott Walker's blog: http://walkercorporatelaw.com/startup-issues/ask-the-attorney-series-ff-stock/ http://walkercorporatelaw.com/startup-issues/ask-the-attorne... http://venturebeat.com/2010/03/01/ask-the-attorney-what-the-heck-is-class-f-stock/ http://venturebeat.com/2010/03/01/ask-the-attorney-what-the-...
- eladgil 16y agoYes agreed. I focus on FF/starter stock versus series F. I have not seen an early stage startup successfully negotiate series F stock given e.g. supervoting rights. Later stage companies (see e.g. FB and Google) with strong founders in place can often get a dual class structure with super voting rights later in their life as they prepare to go public and their existing investors/board can get liquidity.