Find XO: A New Turning Point in Venture Investment Contracts (platum.kr)

- The 2023 standard venture investment contract has been revised for the first time in three years. - The revision was prompted by cases where the structure of redeemable convertible preferred shares resulted in failure to meet IPO requirements, meaning that the cost unknown despite reading the contract was charged belatedly. - However, just because the standard wording has changed does not mean the negotiating power shifts to the founders. - If you are about to enter an investment contract, first consider how our redemption clauses will function during listing review several years later.