Venture Deals · glossary
An agreement rewritten as one text so that it also covers a later round. The Solaris Investment Agreement was restated at the Series B, and each addition is marked as inserted on the Restatement Date. Chapter 13
Explained in Chapter 13, The Down Round: Anti-Dilution and Pay-to-Play, of Venture Deals.
The new shares rank first for their money, and the older preference shares rank equally behind them. The Investment Agreement was amended and restated: rewritten as one text covering both rounds, because two agreements over the same shares would one day disagree. Each addition is marked as inserted on the Restatement Date, such as the new class in article 1.1, the record in clause 18 and the pay-to-play in article 7.5.Read Chapter 13, The Down Round: Anti-Dilution and Pay-to-Play →
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