3rdtry

To add context:

* The VC has already invested in our co. * A term sheet has been put forward for acquisition of our co. * They want a fee to help close the sale but it is a % rather than a $ sum. * VC have been good to date, no complaints. * I have also invested small amounts in co's I am passionate about. Always helping with intro's / tech advise within my area of expertise, often putting in many days of work. I do this because I like the founders, am passionate, curious about their product and always end up learning lots this way. I would never dream of asking for payment unless hit with a direct expense, expecting any payback to come at liquidity and a hopefully good feedback if anyone else asks about me.

Still trying to guage if my personal code working with startups is out of line with industry in general. I don't have significant VC experience and appreciate that there is some value add here.

Hi All,

I am not looking to name or shame. I'd love to just understand the experience of others within the community and get more understanding of everyone's view on this request.

To be fair, until this point the VC in question have been good to work with so it's not the usual nightmare investor rant. I was just shocked at the request from a preference shareholder that I thought would have real incentive to do this, at the same time I don't want to damage a relationship. I get covering costs, some kind of bonus incentive with a fixed fee, just not what is essentially increasing their equity holding.

Any experience or examples would really help me get more of an understanding outside of my own direct network.