Often is a stretch. 1x has been pretty market the last 5+ years for early stage and non distressed situations. It looks like the last raise was the Series B aft

Often is a stretch. 1x has been pretty market the last 5+ years for early stage and non distressed situations. It looks like the last raise was the Series B after the founder got fired, so it’s possible the B investors had a multiple liq pref if the company was in a weak spot then. But I’d still guess not.