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If You’re a Startup Founder, Watch Out for This ‘Harsh Term’ From Investors
August 8, 2022 /
Some venture capitalists are changing term sheets to give themselves more favorable positions.
Venture capitalist Mac Conwell of RareBreed Ventures took to Twitter this week to warn founders that he’s seeing more investors adding a provision known as “full ratchets” into early-stage agreements.
By Steven I. Weiss, Senior staff writer
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