I don’t agree with investors willing to have the power together over a founding team to activate a drag-along clause. In my opinion, above a certain IRR or multiple, the founding team shall even have the full control over their investors to activate this clause. You can’t force someone to run a company, even if you invested a fair amount of money and had higher expectations. If you don’t run the company, you don’t play god to force the founders’ hands.
Drag Along Is Against Trouble Makers Only
Drag Along Is Against Trouble Makers Only
Drag Along Is Against Trouble Makers Only
I don’t agree with investors willing to have the power together over a founding team to activate a drag-along clause. In my opinion, above a certain IRR or multiple, the founding team shall even have the full control over their investors to activate this clause. You can’t force someone to run a company, even if you invested a fair amount of money and had higher expectations. If you don’t run the company, you don’t play god to force the founders’ hands.