REUTERS – Aug 23 - Two of eHarmony's main backers stand to gain extra leverage over the company when redemption rights from its last financing round kick in — an unusual development in the venture capital business. The rights come into play after November 5 for Technology Crossover Ventures and Sequoia Capital, which invested when eHarmony raised $110M in 2004. The firms will have the right to require eHarmony to buy back their preferred shares in four quarterly installments.
by Alistair Barr
See full article at Reuters
The rights may well come in. But I doubt they will exercise them.
The rights may well come in. But I doubt they will exercise them.