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Liquidation preferences are not unfavorable terms. A 1x non-participating liquidation preference is standard and protects investors against cheap acquihires fou
by kenneth 8y ago
Liquidation preferences are not unfavorable terms. A 1x non-participating liquidation preference is standard and protects investors against cheap acquihires founders would otherwise be inclined to take.
- paulddraper 8y ago1x non-participating liquidation is not unfavorable. There are unfavorable terms (and historically it has been more common)...but yeah, that's very reasonable.