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A lot of these big rounds these unicorns are raising have crappy liquidation preferences, making the signal they give off of confidence in the company look much
by danielrhodes 11y ago
A lot of these big rounds these unicorns are raising have crappy liquidation preferences, making the signal they give off of confidence in the company look much different.
- mcintyre1994 11y agoDon't Sequoia do this too though? They had 4x and 2.7x in Zappos rounds [0], they were in Stripe's reportedly >2x Series C [1]. Not trying to call out the author or Sequoia but this doesn't seem like anything new. Are the current deals even worse than 4x? [0] http://www.wac6.com/wac6/2009/08/sequoias-liquidation-preference-in-the-amazon-zappos-deal.html http://www.wac6.com/wac6/2009/08/sequoias-liquidation-prefer... [1] https://pando.com/2014/01/24/memo-to-stripe-winning-the-hearts-of-valley-startups-is-not-winning-payments/ https://pando.com/2014/01/24/memo-to-stripe-winning-the-hear...