Summation (formerly World of DaaS)
Summation: non-obvious ideas that move the world. Auren Hoffman hosts leaders across tech, business, markets, and government.
Summation is the permanent home for the relentlessly curious.
Auren is CEO of NQB8, GP at Flex Capital, Chairman of Dialog; former CEO of SafeGraph and LiveRamp (NYSE: RAMP).
Summation (formerly World of DaaS)
The LM Brief: Conditional Voting Rights in VC Term Sheets
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This week’s World of DaaS LM Brief looks at a recent piece by Auren Hoffman, co-authored with Sushant Bhardwaj and Lily Petherick from Flex Capital, on a little-known but impactful clause in VC term sheets that can strip founders of their voting rights when they leave their company.
We cover how this “employment-tied voting rights” provision, often overlooked until it is too late, can leave founders as shareholders without a voice and why Flex Capital advocates for its removal to foster trust and protect true ownership.
Listen to this short podcast summary, powered by NotebookLM.