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That's the one where they get liquidity prefs up front and then also get to participate with common, right? Worked for a company that had that. Fortunately we
by glangdale 7y ago
That's the one where they get liquidity prefs up front and then also get to participate with common, right? Worked for a company that had that.
Fortunately we had a violent restructure and an insane cap table got crunched down, cleaned up and all that stuff was made null and void. Definitely a "useful crisis" as we got to an exit later without any liquidity prefs hanging over our head.