Add to that - you may own 1% of a company and after $10M liquidation event - you get nothing. OR: you may own 0.0001% of a company and after $10M liquidation e

Add to that - you may own 1% of a company and after $10M liquidation event - you get nothing. OR: you may own 0.0001% of a company and after $10M liquidation event - you get $1M. Something to consider: difference between common shares and preferred shares with liquidation preference conditions.