This episode explains how venture capital investors get preferred stock, and founders get common stock. Preferential toppings provided to investors include liquidation preferences, veto rights, board rights, anti-dilution rights, co-sale and drag-along rights. David Smith talks to Mark Cameron White, founder of the White Summers law firm, about the terms Mark’s seeing in Silicon Valley and elsewhere today.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Google Podcasts | Spotify | iHeartRadio | Stitcher | Email | TuneIn | RSS