4 ms·
Lots of people rambling their opinions here, but agree with this thread that having some actual information on what the consequences of such a down round would
by thedudeabides5 7y ago
Lots of people rambling their opinions here, but agree with this thread that having some actual information on what the consequences of such a down round would be, given the liquidity preference in their venture rounds.
Crunchbase says $12.8bn of prior investment.
Wouldn't that mean with a 1x liquidation pref that all the employees (including the CEO) would get wiped out?
- thedudeabides5 7y agohttps://www.crunchbase.com/organization/wework/funding_rounds/funding_rounds_list https://www.crunchbase.com/organization/wework/funding_round...
- marcinzm 7y ago>including the CEO Didn't the CEO/founder liquidate like $700 million during a previous round meaning he doesn't care?