In the second part of the interview with Brandon Huffman, managing attorney at Odin Law, Ninel and her guest unpack the investor side: what to accept, what to push back on, and how to protect your team, your equity, and your roadmap.
We dig into:
✅ When to go to a publisher vs an investor
✅ How valuation and dilution can shrink your stake
✅ SAFEs vs convertible notes (and the surprise dilution hiding in them)
✅ Control terms like board seats, veto rights, and compensation
✅ Strategic investors and the rights that can block future deals
✅ Protecting founder equity with vesting, cliffs, and buybacks
✅ What drag-along and tag-along mean in practice
✅ How to handle a bad investor relationship
✅ Why it’s worth looping in a lawyer early (many defer fees until funding closes)TIMECODES:0:00 Intro
0:27 Our guest
1:46 When to choose a publisher vs investor
7:00 Key things to check in investor deals
18:04 Anti-dilution clauses and why they matter
20:04 Protecting your role as founder
26:29 Common investor terms
31:26 Managing a mismatch with an investor
32:59 Ending
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