@paulg lets hope so. that's one of the worst ways to misalign founder and investor interests that still exists
Spark Capital to pay its own legal bills: http://bit.ly/11QA4EX . Next to go: option pools that dilute only founders.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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MT
#excellent “@paulg: Spark Capital to pay its own legal bills: http://bit.ly/11QA4EX . Next to go: option pools that dilute only founders”Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg First time I raised money, the investor insisted not only that I pay their legal bills, but that I use their lawyer, too.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg It gets worse if you have 3X liquidation preference. I have to return three times the legal bill. Bitter feeling of being used. :-(Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Law firms are finally "adding value"Thanks. Twitter will use this to make your timeline better. UndoUndo
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Interesting! “
@paulg: Spark Capital to pay its own legal bills: http://bit.ly/11QA4EX . Next to go: option pools that dilute only founders.”Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg When we raised via@angellist our lead investor paid their legal bills too https://angel.co/ordoro . Makes good sense.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Pretty cool: “
@paulg: Spark Capital to pay its own legal bills: http://bit.ly/11QA4EX . Next to go: option pools that dilute only founders.”Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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