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Saastr
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Dear SaaStr: How Do I Know if a VC Is Asking For Too Much Control in a Financing Round?
- A board of directors that isn’t roughly proportional to the equity owned & purchased.
- Seed investors that want too much control.
- Tranched funding where a lot of the funding is contingent on hitting later milestones.
- Asking for any veto rights or their own “protection provisions” if they don’t buy a majority of the shares in a given round.
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