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Yes. Liquidation preferences are a thing, and getting mad about them isn't helpful. Also, from the details in the article about "drag along" and whatnot, the t
by greglindahl 8y ago
Yes. Liquidation preferences are a thing, and getting mad about them isn't helpful.
Also, from the details in the article about "drag along" and whatnot, the typical terms for a Silicon Valley investment appear to have even more drag along to them.
- opportune 8y agoIt’s not about there liquidation preferences themselves IMO, it’s that they were exercised in this manner. In this case it was the investors pushing for a liquidation under the limit, not the founders
- greglindahl 8y agoThat's not what I saw described in the article. The circumstances and results in the article sound like they would be reasonable for a Silicon Valley situation under typical VC funding terms.