In their continuing crusade to rip the lid off the opaque corner of private fin ace known as venture capital, Gillian and Anne drill into more of the often confusing language and clauses found in capital investment documents, starting with ‘preferential rights’. Who gets them and why would anyone want them, as like many such legal monikers, they subtract as much as they add. Listen to hear what you need to know before you invest or take an investor on your capitalization table.