Series A Preferred Stock

Series A Preferred Stock is the class of preferred equity typically issued in a company’s first major institutional priced round (the Series A), with negotiated rights such as liquidation preference, conversion, protective provisions, and board representation. In venture financings, Series A Preferred Stock terms often set the baseline governance and investor protections for later rounds, and Series A Preferred Stock becomes a key reference point for cap table economics.

author avatar
Ryan Roberts Startup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.