Pro rata is a Latin term meaning "in proportion" which is often used in the tech and venture capital world when it comes to deciding on how value in a company is split. Mike Vernal, a partner at Sequoia Capital, explains how it works and why it can be a consequential decision for tech founders.
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.