Introduction

I have only been practising law for 21 years, but i've seen a lot of changes to the start up ecosystem. I thought this was a good picture for this talk about modern start up financing. You cannot raise a meaningful amount of money by selling common stock. So your option is to sell to investors a completely different class of stock called preferred stock. Preferred stock is more expensive before. Another kind of basic thing, i never know a what the, you know, what kind of terminology people know.