> Taking their money might mean having to listen to them.
How is that structured legally? I doubt they get a majority's vote, so how else can they influence the decisions? Is not all investment money unlocked upfront?
How is that structured legally? I doubt they get a majority's vote, so how else can they influence the decisions? Is not all investment money unlocked upfront?
Never been an entrepreneur myself, but was an employee of a startup in an accelerator and have worked for two others.
Those 2 things together could force me to do almost anything if they really wanted.
It's all in the details.
I could definitely get behind “Startups shouldn’t raise money on terms that destroy their autonomy and self determination”