FEBRUARY 1, 2018
It is highly typical for a startup to have small investors on its cap table. Or the economy tanks or stock market tanks moving valuations down at inopportune times for the startup. We have even done deals where we come in for a Series A or Series Seed at a valuation LOWER than what the FFAs paid, and then literally convert the FFAs investment to the lower valuation security to protect them. And as stated above, I think they should use these rights.