Am I the only one 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 12 months now and the situation isn't improving.

I have already done some research online but did not get a clear answer.

What are the risks if I pursue this? What's the likely timeline?

Illustrative response

I went through almost the exact same thing.

A lot of people mess up by is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

Illustrative response

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

Am I the only one dealing with vC demanding 2x liquidation preference??

Related Resources