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This would be disastrous for startups - for $100 you get a say in what we do? How deep does that go? Change of control events? That would basically mean that

This would be disastrous for startups - for $100 you get a say in what we do? How deep does that go? Change of control events? That would basically mean that a startup would have to disclose that they were in negotiations for acquisition/investment/whatever, with whom, and for how much. That would basically mean potential acquisitions would become public knowledge - it's hard enough keeping them quiet when it's just the startup, their investors, and the acquirer involved.

backprojection 13y ago
Well your vote would be proportional to your investment, $100 out of $2.4M, in this case. > That would basically mean potential acquisitions would become public knowledge That would kind of be the point, it would be about fairness. People may not want to invest in a promising project that could change the world, just for it to be bought up by the next FB/Google.