KEY TERMS WHEN TAKING ~20% MINORITY STAKES IN TECH COMPANIES

Sometimes management of a tech company has GREAT domain expertise that can't be replicated by an outsider. When taking a `~20% minority stake (through common, convert, or preferred) in a such a company, what are the key terms you insist on, such as 1) board seat (on ideally only 3 person board), 2) limits on company debt, 3) limits on future dilution, 4) limits on management pay, 5) right to sell your shares based on future milestones. Thanks for any thoughts!



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