Taking on additional investor

I really need some input. We are a startup with an equity investor. If another investor approaches us to invest, do we have to clear that with original equity investor? Will it cut the original investors profit or will we pay original investor first and second investor last?



Hope this makes sense.

via Small-Business-Forum.net http://www.small-business-forum.net/financing-your-small-business/10344-taking-additional-investor.html