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565 views

Founder Anti-Dilution Clause

We are 3 founding partners in an early stage start up. We are all good friends, and just started to negotiate an equity agreement. Our goal is to be fair, but also be fundable, as we will be ...
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3answers
759 views

What happens to the angel's / A round investor's stake on subsequent rounds, in the Valley?

As far as I understand, when the next round happens, the startup emits new shares that are sold to new investors under newly negotiated valuation. Does this lead to the previous investor's shares ...