4 ms·
I've defended private market valuations since we haven't been hearing much about "ratchets" but will need to back-track. Yeah, Square's last round was a "debt"
by pbreit 11y ago
I've defended private market valuations since we haven't been hearing much about "ratchets" but will need to back-track. Yeah, Square's last round was a "debt" round with decent upside if Square can get back on track.
- gsibble 11y agoBack on track BEFORE its IPO. Which it didn't. And now it's employees' ISOs will get diluted. Let's just say I'm glad I didn't join when their strike price was crazy high in the last few years.