4 ms·
The investors have liquidation preferences, so you need the company to be worth more than 40m or your equity is worthless. If you grow slowly, the next investor
by syllogism 9y ago
The investors have liquidation preferences, so you need the company to be worth more than 40m or your equity is worthless. If you grow slowly, the next investor won't be interested, so it'll be hard to justify the valuation.
In this situation you don't get rich. You just get a salary for 10 years. That's not nothing, but if you've come this far, it's hardly the best outcome.