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by nirvana
5422 days ago
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Yes, everyone gets in on the same terms, but you also have a choice about who you agree to sell to, presuming you have enough interest to do the round. If I'm raising $100k, and you, dave mcclure and donald trump are all willing to put up $50k, I'm going to pick you and dave mcclure, and exclude donald trump because I don't want him as an investor in my company. If the Angel List founders participated, then they might put up $50k, and reduce the participation of you and dave mcclure to $25k each, when you wanted to buy a larger chunk. |
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