For startup founders, few concepts are as important—or as commonly misunderstood—as dilution. It often first arises during a financing round, when investors receive equity (i.e., shares) in exchange ...

Anti-dilution protection in VC agreements shields earlier investors by preventing ownership dilution from new shares issued at lower prices. Anti-dilution protection is like a safety net for investors ...

When a closely-held business is profitable, self-interested owners naturally want a bigger slice of the pie, especially where the personal relationships among the owners are frayed. Perhaps that’s why ...

What wins the day in arguing a motion in limine? A single argument or a decision tree approach of “Your Honor, we prevail because of Rule A, but Rule D also applies and so might F?” One answer may ...