FEBRUARY 1, 2018
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. It is highly typical for a startup to have small investors on its cap table.