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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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.