Q: Can you explain what supra pro-rata is? It seems to be showing up in some VC term sheets now. What’s the impact on the entrepreneur? How hard should one try to negotiate it out? If a VC insists on this term, should the entrepreneur walk away? A: (Jason) First of all, for those of […]
For those of you VCs following along at home, Paul Kedrosky has just published his Top 10 Limited Partner Lies. It nicely complements Paul’s Top 10 VC Lies. I see a future for Paul on The Letterman Show.
Q: I have an angel investor that is asking me for full anti-dilution protection for the lifetime of their investment, along with a host of other economic terms including dividends. They are putting in a small amount of money, but are insisting that "this is the way it is done." This doesn’t seem right – […]
We won't send you spam.
Get in touch using the form below.