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? [link] [comments] |