You've invested in a startup in middle America. You believed early, took the risk, help the team. It gets traction. A coastal VC later wants to invest. Some VCs will try to remove rights like pro-rata rights from early investors. They see you as dead weight.
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I hear ya. I have a hard time doing stuff like that. Maybe a personality defect (or feature).
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Re: feature, most would argue that there are downsides of course.
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