Anti-Dilution Provisions

Multiple Choice

Anti-dilution provisions

A) are always bad for entrepreneurs even in an up round
B) always protects the new investor and bad for both entrepreneurs and early investors
C) protects entrepreneurs in a down round but has no effect in an up round
D) protects early investors in a down round but has no effect in an up round
E) protects the new investor in a down round but has no effect in an up round