Pre-emption Rights

A limited partner owns a stake in a business partnership with limited liability. They work with at least one General Partner who manages the day-to-day operations of the business. They expect returns from General Partners.

Competitive positioning is what sets you, your business, product, or service, apart from the competition.

A protective provision for investors that adjusts their equity ownership percentage in the event of a future funding round at a lower valuation, ensuring their stake is not reduced unfairly. Anti-dilution provisions can come in various forms, such as full ratchet or weighted average adjustments.