3 ms·A 1x liquidation preference is a pretty standard term for VCs.by Hydraulix989 9y agoA 1x liquidation preference is a pretty standard term for VCs.Kiro 9y agoWhat does that mean?jonbarker 9y agoWhat it means to me is that if they put in 100k and it sells for 85k you don't get your percent ownership of 85k, they get all of it.