Comment by braza

That's the most interesting thing because if those folks managed to get a parachute for their 1x pref investors with this abysmal final price, what does it mean for the several companies at the same situation?

It's a pity that we do not have a version of "Who's holding the bag?"[1] for LP and VC funds, but with all challenges to raise money, it would be interesting to see how many funds are losing money at the moment.

This is the inherent feature from VC funds but still, one thing is raise cheap money and having a "circular" money flowing (from A -> B - (...) -> IPO -> A) but if they do not arrive even in the IPO how this ecosystem will work if a US 5 Year Coupon pays 4.40%?

[1] - https://pscmevents.com/wp-content/uploads/2023/03/Who-Is-Hol...