2001, Management and Participating Preferred

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2001

Management

Participating Preferred

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. In my first company I had to raise money in April 2001 or die. VC’s have diversification and management fees.

Founder

Founder Liquidation Preference Term Sheet Participating Preferred

What is an employee retention or M&A carveout plan?

Startup Company Lawyer

FEBRUARY 21, 2010

Due to aggregate liquidation preferences that may exceed the acquisition price in an M&A deal, common stock may be rendered worthless. If you can’t figure this out yourself, you should probably build a liquidation preference spreadsheet to model how liquidation preferences work depending on M&A transaction value.

Retention

Retention Liquidation Preference Employee Common Stock

StartUpRoar

Should Founders Be Allowed to Take Money off the Table?

What is an employee retention or M&A carveout plan?

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