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The last money has the first say.

Berkonomics

But the moment things turn sour, including missed plans, some investors on company boards go into a predictable mode of dictating terms for emergency loans or additional investment. Angel investors tend to be much more understanding, and usually resort to coaching rather than replacing the CEO during bad times. Email readers, continue here.]

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Term-sheets and Valuations: Thinking about Negotiations - Startups.

Tim Keane

  Pay to play provisions are often found here which specify that an investor loses their anti dilution rights if they do not buy their pro-rata share of a new offering. ยท       Voting rights. John Mullins: Getting to Plan B: Breaking Through to a Better Business Model.