Everything other than the valuation is “structure”. Stuff like special rights for the investor’s shares that confer a liquidation precedence, board seats, and t

Everything other than the valuation is “structure”. Stuff like special rights for the investor’s shares that confer a liquidation precedence, board seats, and the ability to block future share sales or an exit they they don’t like. During the boom time, investors would give up rights they normally demand do they could secure a deal.