A first of a three-part series where I summarise my learnings and break down the key terms you need to understand and apply

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Bad investors can do untold damage to a company and they only show themselves at the worst times. It’s hard to know in advance how an investor will behave in tough situations, so it’s best to protect your company by ensuring you have the right terms.

In this series, we will discuss the often less understood terms that define the economics and control of a venture deal. These include liquidation preference, antidilution, drag-along, redemption rights, etc.

It’s critical to ensure your startup is protected by key legal documents. Here’s some documents you should be aware of in Australia.