What is upgradeable Series A preferred stock? : Startup Company Lawyer

• http://www.startupcompanylawyer.com/2008/09/12/what-is-upgradeable-series-a-preferred-stock/

Occasionally, I see a new provision in a term sheet, which keeps things interesting for me. I’ve decided to call this type of Series A preferred stock ‘upgradeable’ (after recently realizing that there are economy class plane tickets that aren’t upgradeable despite having system-wide upgrade certificates). The term sheet provides:

• http://www.startupcompanylawyer.com/2008/09/12/what-is-upgradeable-series-a-preferred-stock/