In this high-stakes episode of DREPTUNGHIURI | Startup Wars, we dive into the critical investor protection clauses that shape every serious startup deal—from the Constituent Act to the Shareholders Agreement (SHA). These clauses decide who controls the company, who gets paid first, and who gets diluted when things get real.
🎯 Whether you’re a founder, investor, or legal advisor, this is your field manual for navigating the most decisive legal terrain in the startup world.
What’s Inside:
✔️ Why anti-dilution, liquidation preference, and preemption rights are the clauses that separate founders from spectators
✔️ How vague language or unchecked assumptions can cost you equity, control—or both
✔️ Why the legal framework before funding is more critical than any pitch
✔️ The brutal clarity of investor-favoring terms—and how to negotiate them smartly
💣 “Not understanding these clauses is like holding a grenade with the pin pulled.”
This episode explains why legal counsel isn't a luxury—it's a survival tool in the startup battlefield.
Who Should Listen?
🔹 Founders preparing to raise capital
🔹 Investors who want secure deals
🔹 Lawyers advising early-stage ventures
🔹 Anyone serious about startup equity, governance, and survival
Here you can find the full sources for this podcast:
Startup Wars: Ce nu bifezi azi, te doboară mâine
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🎧 Binge the Startup Wars series for unfiltered legal truths every founder should know—before signing anything.
💼 Need guidance with your startup’s documents?
📩 Reach out: contact@mihaelapaunescu.ro
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