Has anyone dealt 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

I've been trying to resolve this on my own but I'm stuck.

VC demanding 2x liquidation preference. I've been dealing with this for about 7 weeks now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

What's the typical outcome in situations like this?

Illustrative response

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

What trips people up most is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

Illustrative response

Tbh following this thread — Following this thread -- same thing is happening to me right now.

Illustrative response

Have you tried reaching out to your state's bar association? They sometimes have free resources or mediation services.

Has anyone dealt with vC demanding 2x liquidation preference?

Related Resources