How can I modify the angel voting rights? Does bunch allow me to give an SPV voting right (lead only) or individual angels? Can I take out voting rights from angels with less than X%?
Edited
Voting rights are defined in the individual investment and/or shareholders’ agreements that you enter into with your angels. These agreements are often part of the CLA agreement if one has been set up. bunch does not modify the existing voting rights that you have agreed upon with your investors. Our trust is structured in a way that angels generally retain all of their voting rights. However, if block voting is provided for in the underlying investment, shareholders’, or convertible loan agreements, bunch’s trust agreements allow bunch to block-vote all angels’ votes if at least 75% of voting angels vote in favor of the relevant measure.