4 ms·
In the article posted, participating liquidation preferences (like you mention) seem extremely rare.
by ykumar6 11y ago
In the article posted, participating liquidation preferences (like you mention) seem extremely rare.
- fsk 11y agoEven with 2x straight preference, valuations don't matter much, provided the residual value of the company on failure is close to the amount you're investing.
- jalonso510 11y ago2x preference is way off market these days. Most financings are 1x non-participating. The linked study says they saw multiple preference in 3% of the unicorn deals.