Definition
When founders get a waiver from anti-dilution adjustments because they dilute themselves (or the math is too ugly). Technical term for 'let's not do this.'
Example Usage
The Series A investors granted a whitewash, waiving anti-dilution on the Series B down round because founders took it proportionally.
Origin
Slang from corporate law; used in venture contexts since 1990s.
Fun Fact
Whiteswash waivers are increasingly common in down rounds; it signals founder alignment and shared pain.
Source: Startup / Venture Capital vernacular
Related Terms
Translate This Term
See “Whitewash” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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