Liquidation preferences have always seemed to be a case of having your cake and eating it too for investors. I’m guessing the original intent was strictly for downside protection. But it’s become a way for investors to guarantee a certain upside–risk mitigation at the expense of common.
Put another way, it’s terms like these that value [...]
Archive for the ‘founders’ Category
Deal Terms: Liquidation Preferences, Founder Options
Posted in Fundraising, Startups, Venture Capital, founders on February 3, 2010 | 3 Comments »
Founders, turn off your phones. It’s Thanksgiving.
Posted in founders on November 27, 2009 | Leave a Comment »
I’ve taken advantage of my self-important missions to save the world through software in some negative ways. I ‘m guessing most founders do it; it’s easy to be so intent on trying to serve your vision you end up overworking, working ineffectively, abusing relationships, taking advantage of the benefit of the doubt–all justified by your [...]
Founders
Posted in Startups, founders on July 17, 2009 | Leave a Comment »
I’m a serial founder, and am starting two tiny efforts at the moment in separate companies with a few people I know while continuing to coach startups (which is fun, if not highly profitable). The ideas are mine, but I’m a lousy coder and want great software, and don’t have a lot of money to [...]
