+1 - I would say this reports deviates almost zero from any priced round I've done. All get 1X liq. pref, usually not-participating. In fact, the only times I'

+1 - I would say this reports deviates almost zero from any priced round I've done. All get 1X liq. pref, usually not-participating. In fact, the only times I've seen participating or more than 1X preference is during a down-round or for a struggling company, aka. the opposite of a unicorn. Weird.