Should Founders Be Allowed to Take Money off the Table?
Both Sides of the Table
SEPTEMBER 2, 2009
We should end the year with a few million in fully recurring revenue and we’re projected to double next year. But more spend = more viral opps = more revenue down the road. >50% of our revenue in now viral. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually.
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