David Teten

JANUARY 19, 2021

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.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Feld Thoughts

JULY 14, 2015

So they recapitalize the company. If I was leading a gang of friends (that’s what I called it before the word syndicate started to be used), and that gang had put in $200k alongside my $25k, I’d encourage my gang to do the same, and they often did.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

www.paulgraham.com

APRIL 28, 2010

Mechanics Angel investors often syndicate deals, which means they join togetherto invest on the same terms. In a syndicate there is usually a"lead" investor who negotiates the terms with the startup. Dont feel like you have to join a syndicate, though. This isyet another problem that gets solved for you by syndicates.

Angel Investor 63

Angel Investor Syndication Syndicate Dilution 63