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When the company hits potholes, Flexible VC investors usually don’t have the nuclear options of firing management and/or doing a recapitalization. Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. Their only option is to work with management to try to fix the problems.
Youllprobably get either preferred stock, which means stock with extrarights like getting your money back first in a sale, or convertibledebt, which means (on paper) youre lending the company money, andthe debt converts to stock at the next sufficiently big fundinground. [ Dont feel like you have to join a syndicate, though.
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