Should Founders Be Allowed to Take Money off the Table?
Both Sides of the Table
SEPTEMBER 2, 2009
The net effect for [my company] for example is we are now doing reasonably well. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually. Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside.
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