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Deal Terms & Legal

Drag-along / tag-along

Drag-along lets a majority force others to join a sale; tag-along lets minorities join one on the same terms.

Why it matters

Together they keep an exit clean — no single holder can block a sale or be left behind when the company is bought.

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Episodes on Venture Capital

Trust Over Likability: How Charles Hudson Built a 450-Company Portfolio

First Cheque with Cheryl Mack & Maxine Minter · 31 August 2026

Trust Over Likability: How Charles Hudson Built a 450-Company Portfolio
Sidecars 101: Why Venture Funds Are Investing on the Side

First Cheque with Cheryl Mack & Maxine Minter · 17 August 2026

Sidecars 101: Why Venture Funds Are Investing on the Side
Eric Ries on What Investors Get Wrong About Governance

First Cheque with Cheryl Mack & Maxine Minter · 3 August 2026

Eric Ries on What Investors Get Wrong About Governance
All Venture Capital episodes →
Related terms

Term sheet

A short, mostly non-binding document setting out the key terms of an investment before the long-form legals.

Right of first refusal

The right to match an offer before shares can be sold to an outside buyer.

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