<ul><li>Many founders face challenges in venture financing and end up with unfavorable terms that can negatively impact the success of their startups.</li><li>To avoid getting screwed, founders should seek the help of a startup attorney who specializes in venture financing and understand the key terms that can impact their equity, control, and success.</li><li>Negotiating terms such as board seats, preferential payouts, veto/approval rights, and right of first refusal is important to protect the founder's interests.</li><li>Founders should plan ahead, define the maximum amount of control and equity they are comfortable giving up, and set the standard early to avoid future unfavorable terms.</li></ul>

The $1B Exit Nightmare No One Warned You About — And How to Avoid It.

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