FEBRUARY 1, 2018
It is highly typical for a startup to have small investors on its cap table. Founders often raise money from friends and family and other angels. And sometimes founders want to protect the financial interests of FFAs. Or the economy tanks or stock market tanks moving valuations down at inopportune times for the startup. And as stated above, I think they should use these rights. That is all well and good… and 100% normal.