FEBRUARY 1, 2018
The short answer is that we completely believe that ALL investors (including FFAs) should have preemptive rights (just the right to invest in future rounds on a pro rata basis). 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. Founders often raise money from friends and family and other angels. That is all well and good… and 100% normal.