In startup financing, certain investor rights show up so often that they feel like part of the background. One of the most common (and most misunderstood) is pro rata rights. Whether you are a founder ...
Lee Edwards, partner at Root VC, has a saying at his firm that “pro rata rights are earned, not given.” That may be a bit of a stretch since pro rata refers to a term that VCs put in their term sheets ...
Markets regulator Sebi on Friday came out with a draft circular to clarify operational aspects of maintaining pro-rata and pari-passu rights of investors in alternative investment funds (AIFs).
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