It's possible if a company has raised a large amount of funding and/or the investors have aggressive terms. Liquidation preferences[1] mean preferred shareholde

It's possible if a company has raised a large amount of funding and/or the investors have aggressive terms. Liquidation preferences[1] mean preferred shareholders get paid out before common stock holders receive any sale proceeds. [1] https://medium.com/@CharlesYu/the-ultimate-guide-to-liquidation-preferences-478dda9f9332 https://medium.com/@CharlesYu/the-ultimate-guide-to-liquidat...