3 ms·
Is there any information to be had anywhere about terms? We hear the valuation shouted from the rooftops, but with nothing about the terms, its hard to know wha
by dthal 11y ago
Is there any information to be had anywhere about terms? We hear the valuation shouted from the rooftops, but with nothing about the terms, its hard to know what the big number really means. Specifically, does anybody know if this a common stock purchase, or is this some kind of convertible preferred stock/convertible note with a liquidation preference?
- randall 11y agoNo inside info but I'm almost certain its preferred with a liquidation preference. Probably with downside guarantees.
- pbreit 11y agoAlmost certainly preferred with 1x liquidation preference meaning investors don't make much of a return unless it sells or trades for well in excess of $25b.