Flexible VC, a New Model for Companies Targeting Profitability
David Teten
JANUARY 19, 2021
Yes, non-voting common shares (if converted). Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. Flexible VCs typically purchase non-voting common stock, if they purchase stock (one even assigns their voting rights to the founders ). which they co-developed with Fenwick & West.
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