Re:How much startup stock options are worth
by tptacek on Tuesday November 23, 2010 @09:42PM
(#1936294)
I was locked out of an investment round at one company because of qualification status. I'm pretty sure being meeting the accredited investor standard actually does matter, at least if you're not an employee and the round involves an exchange of money for financial instruments.
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Re:How much startup stock options are worth
by danshapiro on Wednesday November 24, 2010 @04:26AM
(#1936923)
If your agreement had guaranteed you investment rights you would have had them. Since it didn't, it was at their discretion, and they could have used many different criteria to make that decision. Now as a general rule, when you have an option in the matter, you don't want non-accredited investors in your deal. But assuming that accredited status grants follow-on investment rights (or that lack of them prevents it) as a rule is wrong.