You should avoid giving a right of first refusal even at great cost (20% valuation discount).
If there is a right of first refusal many investors will decline to engage in future rounds since if they end up negotiating a good deal it might fall apart at the last moment.
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You should avoid giving a right of first refusal even at great cost (20% valuation discount).
If there is a right of first refusal many investors will decline to engage in future rounds since if they end up negotiating a good deal it might fall apart at the last moment.