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CPLX
10y ago
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Now add the implications of liquidation preferences (presumably) to the math and you'll see things get a lot more challenging.
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refurb
10y ago
Exactly. Throw in a 2x or 3x liquidation preference and participating preferred and some of those investors will be lucky to get their initial investment back.
rokhayakebe
10y ago
Yeah, however even a liquidation preference will be 1x,2x.
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