Want to Raise Venture Capital More Easily? Clean Up Your Own Shite First
Both Sides of the Table
APRIL 14, 2010
Once you cross the threshold where their percentage ownership would be worth more than the value of their preference they “convert&# their preferred stock into common stock and take their proceeds pari passu (along side and on the same terms as you) with the common stock holder. Reputation. So what happens? Brain damage.
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