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Companies are usually reluctant to raise a down round due to anti-dilution provisions: http://www.businessweek.com/smallbiz/content/jan2009/sb20090123_008974.h

Companies are usually reluctant to raise a down round due to anti-dilution provisions: http://www.businessweek.com/smallbiz/content/jan2009/sb20090123_008974.htm http://www.businessweek.com/smallbiz/content/jan2009/sb20090...

taylorwc 12y ago
Even if there are not anti dilutive preferences, both management and existing investors are likely to leave a down round as their last resort, simply because of the dilutive impact it would have.