Great News For Company Founders - New Stock Class

Adeo Ressi is turning into a kind of paladin for entrepreneurs. The founder of controversial site TheFunded, which lets entrepreneurs anonymously rate venture capitalists, is drawing attention for releasing legal documents he believes will protect start-up founders from the “atrocities of investors.” In particular, he worked with an attorney at law firm Wilson Sonsini to create a template for a new class of stock, called Class F, that gives founders more rights and control over the venture capitalists who invest in them. As VentureBeat asks, if in this environment “plain-vanilla deal terms are being ignored by investors, why would they agree to terms that are even more in the founder’s interest?”….