Should Founders Be Allowed to Take Money off the Table?
Both Sides of the Table
SEPTEMBER 2, 2009
The VCs basically have liquidity in management fees along the way, in the sense they get paid decently along the way. But the day after you’ll wake up and see yourself more as a manager than an owner. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually.
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