http://www.feld.com/wp/archives/2006/01/an-entrepreneur-on-term-sheet-terms.html Tue, 14 Feb 2012 01:23:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.feld.com/wp/archives/2006/01/an-entrepreneur-on-term-sheet-terms.html/comment-page-1#comment-2132 Brad Feld Fri, 20 Jan 2006 05:39:10 +0000 http://www.feld.com/wp/?p=818#comment-2132 It depends on a lot of factors. However, I'd say that anti-dilution ends up sticking at least 50% of the time. It's definitely a negotiated item in a down round and - if it's a severe down round - can be irrelevant mathematically. It depends on a lot of factors. However, I’d say that anti-dilution ends up sticking at least 50% of the time. It’s definitely a negotiated item in a down round and – if it’s a severe down round – can be irrelevant mathematically.

]]> http://www.feld.com/wp/archives/2006/01/an-entrepreneur-on-term-sheet-terms.html/comment-page-1#comment-2131 Sean Park Fri, 20 Jan 2006 01:22:12 +0000 http://www.feld.com/wp/?p=818#comment-2131 Almost seems like calling anti-dilution protection, protection, is a misnomer. Have you found that in a down round, it is most often waived? Almost seems like calling anti-dilution protection, protection, is a misnomer. Have you found that in a down round, it is most often waived?

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