Jay entrepreneur was to decide whether its time to plow through the 12-page list of conditions for a series of round preferred stock prepared HBS investors established venture capital firm that made the seed, early round, and mezzanine financing. It could also send the list to a solo practitioner, he hired to turn the company he formed with his partner, Dr. Mark I. Technology, the inventor of a revolutionary new drug-delivery devices. Family and friends have donated $ 10,000 for laboratory space and equipment, and Jay and Mark maxxed their credit card to pay the $ 7,500 attorney patent holder is required. Time was short, however, because Jay promised to return to HBS Investors later this week with any comments or concerns. He also had to decide (with or without the advice of counsel), whether to accept the offer conditions. "Hide
by Constance E. Bagley Source: Harvard Business School 13 pages. Publication Date: August 14, 2002. Prod. #: 803025-PDF-ENG
