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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

In my first company I had to raise money in April 2001 or die. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually. I raised $500k in seed money to start the company. 2)&# it’s not fair to the rest of the employees who don’t get to take money out.

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