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🔥 MYTH: Standard term sheets give founders the rights they need to lead their companies.

THREAD...

#DisruptSF #FounderFriendlyStandard
1/ To build for the long term, founders need to consider their company's management structure. It's easy to ignore when trying to develop a product, build a team, and raise money, but ignoring governance can come back to haunt you.
2/ It’s easy for founders to be seduced by unicorn dreams and focus on valuations, but it’s critical to stay conscious of shareholder voting rights and what the board of directors will look like and the control the board will have over the #startup.
Read 8 tweets
THREAD. Please RT🙏🏼
1. Public breakdown. It’s my mom’s 76th b-day Thurs. She’s my sole caregiver from a bad car accident resulting in a #TBI. R Home #Foreclosed from my #medical bills/crappy #insurance. All I wanted 2 tell her is I found #investors to charitably save our home.⤵️
2. I know accidents are called that for a reason but my mom’s my best friend & everyday/hour she’s helping care for me. After all she has done & years she’s lost taking care of me, she doesn’t deserve to lose her/our forever home in the last 1/4 of her life w/a #disabled daughter
3. How can I recover and find an #angelInvestor that can save such a wonderful mother/daughter duo? We’re in our home paying rent as ordered by the court until an appeal is over & we’ll be out w/nowhere to go, live, survive. No family. We only have each other & our 3 ‘lil pups.
Read 17 tweets

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