Sup Startup
VC covenants - Printable Version

+- Sup Startup (https://supstartup.com)
+-- Forum: Startup Forum (https://supstartup.com/forumdisplay.php?fid=3)
+--- Forum: Growth Talk (https://supstartup.com/forumdisplay.php?fid=7)
+--- Thread: VC covenants (/showthread.php?tid=7509)



VC covenants - Albert - 08-25-2021

VC covenants

How much can you safely escape location-based reqs for your startup?

Some seed VCs have location based terms. Like “we only fund startups based in Alabama.”

Ok, so what if we just have a small office in Alabama for our seed round, work remotely, move our HQ to Miami/Austin/SF for our series A, and then happily ever after?

What are they gonna do about it? Especially if the company gets big. They think they have any power over a multibillionaire founder, especially if the issue is HQ-ing the company in Podunk, USA, where probably no one wants to work?

Mind advising?

submitted by /u/skroope
[link] [comments]