Basically, this term gives a minority shareholder the right to sell the company after 7 years, with no input from any other shareholders. Be forewarned – this is not a nice term.
Brad Feld has been an early stage investor and entrepreneur since 1987. He is currently a Managing Director at Foundry Group. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of TechStars.