Seasoned Angel often Favor Preferred Shares

Professional investors, angels and venture capitalists alike, often stipulate that companies in which they invest establish a second class of stock (preferred, in addition to ordinary or common shares) and that the investors then purchase preferred securities. What are the advantages to investors of preferred shares?

by: Bill Payne

Full Story: http://www.theicehouse.co.nz/Internal/InternalBlogs/AngelsBlog/tabid/236/EntryId/80/Seasoned-Angel-often-Favor-Preferred-Shares.aspx