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  1.  
  2. TAKING THE MONEY
  3. Term Sheets
  4. Down round financings – Harsh Founder Consequences
« How Angel Investors Get Their Wings
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Down round financings – Harsh Founder Consequences

17 Aug 2008   | Term Sheets

Tags: down round · term sheets

LINK TO ORIGINAL ARTICLE:
  • http://www.abanet.org/buslaw/blt/2002-01-02/mahoney.html

A good explanation of how down rounds effect ownership for different kinds of antidilution provisions in term sheets: full ratchet, broad-based weighted-average, and narrow-based weighted-average.

>>> READ MORE at:
  • http://www.abanet.org/buslaw/blt/2002-01-02/mahoney.html
« How Angel Investors Get Their Wings
YouTube — General Search for Videos on Pitching to Investors »

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