Will my co-founders buy my shares off me? Our startup has just closed a 15mm Series B round but I want to exit if they will buy me out. The company is burning cash.


This post is by Jason Lemkin from SaaStr


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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. View original question on quora The post Will my co-founders buy my shares off me? Our startup has just closed a 15mm Series B round but I want to exit if they will buy me out. The company is burning cash. appeared first SaaStr.

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