Feld Thoughts

FEBRUARY 28, 2023

However, the lack of a conversion right also has implications for anti-dilution protection: in the U.S., In Germany, anti-dilution protection is achieved by issuing additional preferred shares. The lack of conversion rights must also be considered when structuring voting rights.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

Startup Company Lawyer

MARCH 14, 2010

Future rights. If new investors get better rights in a future equity financings (such as registration rights, price-based anti-dilution, redemption rights, etc.), then the holders of the Series Seed get these better rights. Right of first offer on future financings. Registration rights.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

The Startup Lawyer

MARCH 1, 2010

The Amended and Restated Certificate of Incorporation includes the typical provisions you might find in a VC deal, less (i) preferential dividends, (ii) redemption rights, and (iii) price based anti-dilution. the CEO) elected by the common via fiat in the Investors Rights Agreement. (2) 3) Investors’ Rights Agreement.

Preferred Stock 79

Preferred Stock Term Sheet Redemption Registration Rights 79

The Startup Lawyer

MARCH 1, 2010

The Amended and Restated Certificate of Incorporation includes the typical provisions you might find in a VC deal, less (i) preferential dividends, (ii) redemption rights, and (iii) price based anti-dilution. the CEO) elected by the common via fiat in the Investors Rights Agreement. (2) 3) Investors’ Rights Agreement.

Preferred Stock 40

Preferred Stock Term Sheet Redemption Registration Rights 40