Oireachtas Joint and Select Committees
Thursday, 24 January 2019
Public Accounts Committee
Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry
9:00 am
Professor Willie Donnelly:
I would say from experience that it was not unilateral. What normally happens when a venture capitalist, VC, invests in a company is that they produce what is called a term sheet. As part of the term sheet, they list out all the investors. It is standard practice for the VC to require that a pool is set up for the employees, by its nature-----
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