43 
Small Investors
ithacaVC
FEBRUARY 1, 2018
Founders often raise money from friends and family and other angels. And sometimes founders want to protect the financial interests of FFAs. In short, they own a smaller piece of a larger valuation pie. causing valuation bumps. 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.
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