. There are three dif- ferent possibilities. The first is that it was a typed one-page letter that said, “We would like to invest $70,000 in your company and buy 78 percent of it.” The next is that it was two pages of legal terms that basically said, “We would like to invest $70,000 in your company and buy 78 percent of it.” Or it could have been an eight-page typed document that had all kinds of protective provisions, vesting arrangements, drag-along rights, and Securities and Exchange Commission (SEC) registration rights.