Cram Down Entrepreneur Operations Partner 
Both Sides of the Table
APRIL 20, 2011
Howard Morgan earned a PhD in Operations Research/Computer Science in 1968. He also says it is important to be able to participate in follow on rounds so as not to get “crammed down”. The Exchange Fund – This allows the entrepreneurs to diversify their founders stock into other portfolio companies stock.
Growthink Blog
MAY 23, 2011
An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest. All live happily ever after.
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