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That's insanity. Why would existing investors refuse to play ball? They're basically locked into it. Uber's massive valuation is built on its potential and to
by chrissnell 9y ago
That's insanity. Why would existing investors refuse to play ball? They're basically locked into it. Uber's massive valuation is built on its potential and to anything they do that hurts Uber's access to capital hurts them.
I think they made a huge mistake in pushing Kalanick out, but I'm an outsider. There is surely something dark at play here, that we don't know about.
- deleted 9y ago[deleted]
- ThrustVectoring 9y agoLiquidation preferences, senior equity, and debt-like terms, perhaps? If Uber is valuable enough in liquidation, it'd be a great opportunity to zero out the common stockholders and go home with a pile of cash.
- elmar 9y agoyou are absolutely right depending on liquidation preferences terms cascade it could be a great deal to force an IPO or another type of exit for later investors.
- elmar 9y agoHidden Cap Table Secrets https://aleph.vc/hidden-cap-table-secrets-bd6c4e9e780e https://aleph.vc/hidden-cap-table-secrets-bd6c4e9e780e