> Another person didn’t want preferred shareholders to have any preferred rights. I'm just fine with the idea of VCs getting common stock like everybody else,

> Another person didn’t want preferred shareholders to have any preferred rights. I'm just fine with the idea of VCs getting common stock like everybody else, but I'm not so much in favor of random redefinitions of words. I'd be afraid of the liability to the company when that person started making up his own definitions of things like employment law...