dealing with vC demanding 2x liquidation preference

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

Hypothetical question

Quick background on my situation — any input appreciated.

VC demanding 2x liquidation preference. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

What are my legal options here? Is it worth pursuing?

Illustrative response

Not a lawyer, but I have direct experience with this.

A lot of people mess up by is having everything documented. I'd recommend keeping a detailed timeline instead.

dealing with vC demanding 2x liquidation preference

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