containing financial contract terms applying to different classes of stock, this paper is the first to focus on exploring the how … the equity contract terms granted by the same investee private firms may vary across time, and determining the possible … influencing factors. We find that there exists a default contract, for the terms adopt by different companies or used by the same …

We estimate the impact of venture capital (VC) contract terms on startup outcomes and the split of value between the … power to receive more investor-friendly terms compared to the contract that maximizes startup values. Better VCs still …

This Article presents an empirical analysis of the connection between bargaining power and contract design using an …

During contract negotiations with a startup, a venture capitalist (VC) can receive preferred stock and additional cash … flow rights, which result in a higher return than that of common stock. Incorporation of contract terms into the payoff to …