Preferred Pizza Toppings

For history buffs – here is a link to Pre-Covid You-Tube discussions (2 of 2, taped in Feb 2020) between David Smith of Silicon Valley Business School and our very own, Mark White, on financing. Things have changed of course – but not all that much. 

This episode explains how venture capital investors get preferred stock, and founders get common stock. Preferential toppings provided to investors include liquidation preferences, veto rights, board rights, anti-dilution rights, co-sale and drag-along rights. David Smith talks to Mark Cameron White, founder of the White Summers law firm, about the terms Mark’s seeing in Silicon Valley and elsewhere today.

Samantha Gee