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Re:Ask HN: Do minority shareholders scare away new investors? by montrose on Tuesday February 20, 2018 @02:42AM (#16418499)
Investors don't like it and often try to pressure companies they want to invest in into "clawing back" such stock. But while 40% might make them say no to a company they liked, I don't think 8% would.

The investors will claim pretty convincingly that it makes a big difference to them though. And that will put a lot of pressure on your (presumably inexperienced) cofounders, who will consider you a jerk for not giving in.

Re:Ask HN: Do minority shareholders scare away new investors? by charlesdm on Tuesday February 20, 2018 @10:33AM (#16421067)
But there's nothing they can do to fix that, aside from the founder being stupid or diluting his stake by putting in a massive amount of money.

Sell them back at a good price, or keep them. Whatever option you prefer.