Down Rounds & Anti-Dilution: What Founders Must Know скачать в хорошем качестве

Down Rounds & Anti-Dilution: What Founders Must Know

What happens if your startup raises its next round at a lower valuation? That’s called a down round — and this is where anti-dilution protection comes in. We cover: • What anti-dilution protection means • Full Ratchet vs Weighted Average (with examples) • Broad-based vs Narrow-based calculations • Common carve-outs (ESOPs, acquisitions, convertibles) • Why weighted average is the industry standard If you're a founder raising capital or an aspiring investor learning venture documentation, this is a must-know concept. This video is part of our Investment Documentation Series, where we simplify venture capital terms so you can negotiate smarter. Subscribe for more breakdowns on term sheets, cap tables, fundraising strategy, and startup finance. #StartupFunding #TermSheet #VentureCapital #AntiDilution #CampusFund