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Understanding Safes and Priced Equity Rounds by Kirsty Nathoo

Startup School by Y Combinator

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How Important Is a Lead Investor?

The question is, don't you care more about voting power? And that's definitely something that gets negotiated as part of the series a term sheet. So for safes, it doesn't matter at all that you don't have a lead investor. At the priced rounds age, it is important that you have a lead investors because there's so much to negotiate.

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