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Navigating SAFEs, Pay-to-Play Rounds & Risks with Becki DeGraw | Wilson Sonsini Startup Legal Basics
This Week in Startups
How to Avoid Conflict on the Board
The big conflict on the founder level is almost always when we're talking about that crazy 80% drop. That has to be coupled with an option refresh otherwise your management team your employees aren't sticking around. Even like industry experts and you'd I mean you'll see them at the later stage companies but even then they can be conflicted because they might have bought preferred stock too.
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