#5 Chris Dixon: The State of Venture Capital
The Knowledge Project
00:00
The Right First Right of Refusal of a Funding Round
A series a deal usually includes the right first right of refusal of a gess on further funding, or yeye its. It usually lets us have what we call poroto rites, which means we're allowed to invest a certain portion in the next round of funding. And mathematically, it's like enough that we can preserve our kind of owner. Mo now, we we couldn't fire the founders if we wanted to,. Not that we did want to, but we couldn't.
Transcript
Play full episode
