Question: Identify all the changes to a term sheet that favour the founder over the outside investors who are the sole participants in a new offering
Identify all the changes to a term sheet that favour the founder over the outside investors who are the sole participants in a new offering of shares?
Increase in discount on conversion for a convertible debt financing.
Shortening of founder shares' lockup period.
Inclusion of a tag along provision in event of takeover offer.
Inclusion of drag along rights
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