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Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms | TechCrunch

Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms | TechCrunch

RootVC partner Lee Edwards has a saying at his firm that “hypothetical rights are earned, not given.” Since then it can be a bit stressful. pro rata This term refers to what VCs put into their term sheets that gives them the right to buy more shares in the portfolio company as a result of […]

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