Will my co-founders buy my shares off me? We closed a 15mm Series B

If you raised a $15m Series B, these days, it’s quite possible a small amount can be used to buy out your shares.

Don’t expect an amazing price, but the company can raise another $1m and use that at least in part to buy you out. These days, most Series B investors are OK with a small bit being used this way, and if the company was able to raise $15m, it can probably get another $1m.

But expect a price that is lower than the preferred price in the round, and potentially materially lower. If you are OK with that, ask nicely, and see what happens.

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Published on May 14, 2019

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