Thanks for the feedback! Preferred shares are reflected in the current payoffs; that's what's responsible for the "low exit" portion of the slider not paying o

Thanks for the feedback! Preferred shares are reflected in the current payoffs; that's what's responsible for the "low exit" portion of the slider not paying off at all. Are you talking about participation preferences that let VCs double-dip? Those are a whole different kettle of fish, but also not as standard as preferred shares.