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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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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 ...