kinda chicken and egg... why do they have an 'acceleration of change control' if it gets renegotiated anyway? I figure its worth mentioning either way.
Anyway - single-trigger acceleration can lower the valuation of an acquisition, because the founder can then walk away. This is something VCs won't really like. Double-trigger is more usual.
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If you get acquired, the payout schedule gets renegotiated anyway. So what's the point?
kinda chicken and egg... why do they have an 'acceleration of change control' if it gets renegotiated anyway? I figure its worth mentioning either way.
It's a good question. Paging grellas?
Anyway - single-trigger acceleration can lower the valuation of an acquisition, because the founder can then walk away. This is something VCs won't really like. Double-trigger is more usual.