Should Founders Be Allowed to Take Money off the Table?
Both Sides of the Table
SEPTEMBER 2, 2009
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. And importantly you start thinking about your next gig. That’s when the VC has lost.
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