Angel Investors Network

    Tag

    Deal Terms

    ROFR (Right of First Refusal): What It Means, When It Protects You, and When It Costs You
    Private Equity

    ROFR (Right of First Refusal): What It Means, When It Protects You, and When It Costs You

    In 2008, craigslist co-founders Jim Buckmaster and Craig Newmark tried to use a right of first refusal to dilute eBay’s 28.4% stake in their company. The mechanics were creative: offer new shares to anyone who...

    Jeff Barnes, MBA··10 min read