FEBRUARY 1, 2018
It is highly typical for a startup to have small investors on its cap table. The treatment of the friends, family and angels (FFA) as the startup matures and raises larger rounds of financing over time is interesting. Startups often get stuck, restart, pivot/change/move, etc., 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.