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as a preferred investor, how does this “screw” you? even in a situation where the debt is senior, in the VC game it’s generally better to shoot for the moon tha
by jiveturkey 4y ago
as a preferred investor, how does this “screw” you? even in a situation where the debt is senior, in the VC game it’s generally better to shoot for the moon than to cut your losses. this is simply how the game is played.
- Quarrel 4y agoYep and unbridged the business presumably would have collapsed before the fire sale. It doesn't sound like the fire sale was where it went wrong.
- icedchai 4y agoit went wrong with a CEO that didn't listen to anyone.
- icedchai 4y agoThere was a major down round after the bridge loan, before the "acquisition" (fire sale.) In the end, I got nothing back. Zero.