3 ms·
From the term cheat: "The Investor will invest up to US$150,000 and would hold no less than 15% of the Company on a fully diluted basis." I'm not a lawy
by tinbad 13y ago
From the term cheat:
"The Investor will invest up to US$150,000 and would hold no less than 15% of the Company on a fully
diluted basis."
I'm not a lawyer, but doesn't this say that their 15% never dilutes? If so, that would be a horrible scenario in case of future fund raising.
- kenrikm 13y agoDoing some research I found this: http://www.andrew.cmu.edu/user/fd0n/55%20Anti-dilution%20Protection%20Postscripts.htm http://www.andrew.cmu.edu/user/fd0n/55%20Anti-dilution%20Pro...