3 ms·
Tldr because the big institutions and rich people demand liquidation preference. If your startup isn't sold for hefty multiples (e.g 100M sale price, 10M in vc
by anoncoward111 8y ago
Tldr because the big institutions and rich people demand liquidation preference.
If your startup isn't sold for hefty multiples (e.g 100M sale price, 10M in vc money), then employees and founders are the first to be negatively impacted (see also: boned)