#8: Rescuing your startup in a bear market: down rounds and pay-to-play.
Update: 2023-10-16
Description
Besides bootstrapping, selling the company, or declaring bankruptcy, you've got two options: a down round or a cram down, aka "pay-to-play" or a recap. In this episode, I'll explore how to initiate and carry out this process without landing in legal hot water.
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