Grandstanding in the venture capital industry
The Paper details the use of preferred shares, anti-dilution provisions, and board control rights in VC Contracts . These mechanisms protect investors and provide entrepreneurs with necessary resources and autonomy .
Why is relevant?
Understanding VC contracts is vital for structuring deals that align interests and manage risks.
Author
Steven N. Kaplan, Per Strömberg
Publication date
April 1st, 2003
Difficulty
Hard
Keywords
- Financial Contracts
- Venture Capital
- Empirical Analysis
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