Lindsay Padilla

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for teams planning to raise at least one round of outside financing, the power of 51% equity will be only temporary. As soon as the team takes some outside financing, the 51% stake will shrink to less than 50% and that founder will have to build a coalition with other shareholders to have his or her way.
The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup
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