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This assumes that the founders are aware of, or offered, the option. If anything this is an argument for why founders should be represented by a banker or lawye
by chatmasta 2y ago
This assumes that the founders are aware of, or offered, the option. If anything this is an argument for why founders should be represented by a banker or lawyer at the closing of every investment round. Let the founders do the negotiating, but once it comes time to sign the papers, bring in the sharks.
- newswasboring 2y agoThat's not common? I was under the impression that everyone hires at least a lawyer to get through the paper work.
- _heimdall 2y agoHonestly if a founder isn't pulling in finance or legal experts prior to signing a funding round they really have no business being in position to begin with. They have to know VCs are leaning on their own financial experts and lawyers, why would you not have your own to protect your own interests?