It matters only up to the amount of transaction costs involved in negotiating the clause which is not 0 but not something to get in a tizzy about either. VCs ne

It matters only up to the amount of transaction costs involved in negotiating the clause which is not 0 but not something to get in a tizzy about either. VCs need companies to fund just as much as the companies need capital. This is the mainstream economic view. Yes, you'll find scores of economic papers finding that "power dynamics" actually matter in negotiated agreements, but understand that they are published precisely because they purport to show departure from the consensus baseline which is that they really don't. https://en.wikipedia.org/wiki/Coase_theorem https://en.wikipedia.org/wiki/Coase_theorem.