From my Newisys days I was told by the guy who dealt with our VC activities day to day that anti-dilution clauses were some of the most evil things you could see on a tern sheet, basically you get screwed when you get a down round later (which in my experience happens more often than not 
)… Here Tim Wolters, the CTO of Collective Intellect, blogged about anti-dilution clauses in the entrepreneurs’ perspective.
Beyond Dante: Term Sheet Terms: anti-dilution clauses
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Andrew Ng - Internet technologist, entrepreneur and photographer. My passions are photography, fashion, music, piano, coffee (ristretto). I also like sports car and HPDE's, mechanical watches, fountain pens, and cool gadgets.
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