E132 INFORMATION RIGHTS: The Clause That Saves Founders | Arthur Bavelas + Andrew Romans

About this episode

The episode discusses the importance of information rights for founders and how they can negotiate these clauses to protect their interests.

The one clause most founders forget to negotiate — and the family-office investor who's quietly used it for decades to protect capital and engineer better exits. Andrew Romans (7BC Venture Capital) sits down with Arthur Bavelas, founder of Family Office Insights, to unpack information rights — the deceptively simple legal provision that decides who gets paid, who gets stuck, and who actually gets to sell their shares. In this conversation: — Why information rights aren't just for investors, and how founders can negotiate them for themselves — The secondary-sale scenario where a missing clause costs founders real money — How VCs structure Layer 1 vs. Layer 2 SPVs and orchestrate "final close" tactics — A Steve Jobs–era story on how transparency rights changed an outcome — What LPs should ask before they wire In a market where deal structure quietly decides winners and losers, the people who understand these levers walk away with more. Arthur and Andrew break it down in plain English. About the guest: Arthur Andrew Bavelas is founder of Bavelas Group Family Office and Family Office Insights. About the host: Andrew Romans is General Partner at 7BC Venture Capital and…

People in this episode

Host: Andrew Romans

Guest: Arthur Bavelas

Topics covered

• information rights
• founder negotiation
• venture capital
• exit strategies
• legal provisions

Keywords

• information rights
• founders
• venture capital
• negotiation
• legal clause
• exits
• secondary sale

Mentioned in this episode

Organizations: 7BC Venture Capital, Family Office Insights, Bavelas Group Family Office

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