Question
Answer this question in three or four lines (a qualitative/verbal answer will do): What purpose do the anti-dilution (price protection) provisions in VC term sheets
Answer this question in three or four lines (a qualitative/verbal answer will do): What purpose do the anti-dilution (price protection) provisions in VC term sheets serve? What is the difference between a full ratchet provision and a weighted-average ratchet provision? Which kind of ratchet provision would most entrepreneurs prefer and why?
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
