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Isn't this highly unusual? Don't preferences usually give later investors the profits first? Did Fidelity and T Rowe Price really want into Slide so badly that
by mattmaroon 16y ago
Isn't this highly unusual? Don't preferences usually give later investors the profits first? Did Fidelity and T Rowe Price really want into Slide so badly that they were willing to let the earlier investors receive a preference over them?
It doesn't really make sense to me the way this is broken down. I would have expected basically everyone to make about 2x their money.
- Raphael 16y agoEarliest investors get priority since they took the most risk.
- mattmaroon 16y agoWhile that sounds logical, it typically works the opposite way. In a big cashout early investors often get the highest ROI because they got in at the lowest price, but they usually get paid last.