3 ms·

I don't really care about how much of the balance sheet I could lay claim to during a liquidation. That's going to be pennies on the dollar, or nothing. I care

I don't really care about how much of the balance sheet I could lay claim to during a liquidation. That's going to be pennies on the dollar, or nothing. I care how much of future profits will be returned to be, which does depends on the percentage I end up owning. A round needs to enable a bigger gain than the fraction it dilutes everyone.

xorcist 6y ago
That would very much depend on what you're buying stock in. Holding companies and investment companies are mostly valued to what your "share" of their holdings is worth. Real estate too.