Comment by SoylentOrange
2 years ago
Negotiation is always a two way street. I’m a startup founder. Your investors, when they invest, will send you some documents on key provisions (e.g. pro rata rights) and you and they will go back and forth on what is acceptable. You, as a founder, will not have the ability to unilaterally turn down all requests. Especially in early funding rounds.
True. Being a founder myself, I've experienced the back and forth of investment negotiations.
We are though taking about OpenAI, by that time probably one of the five most valuable startups in the world.