Venture Deals · glossary
Counting each preference share as the ordinary shares it would convert into. After the Series B, every four Series A shares counted as five, so the 2,800 Series A shares carried 3,500 votes. On that count Meridian held 9,400 of the 16,700 votes, more than half. Article 8.2 · Chapter 13
Explained in Chapter 13, The Down Round: Anti-Dilution and Pay-to-Play, of Venture Deals.
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