3 ms·
Even 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.
by fsk 11y ago
Even 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.