Should Founders Be Allowed to Take Money off the Table?
Both Sides of the Table
SEPTEMBER 2, 2009
At some point, this breaks if their isn’t an exit or IPO. 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.
329 
Let's personalize your content