Comment by blindriver
1 month ago
The investors all have liquidity preferences so the ones that invested at higher valuations didn't lose any money.
But all employees after 2021 are underwater. I wonder if they got any relief from management or if they got screwed.
do you know, is that 1x?
Not publicly disclosed as far as I'm aware, but likely 1x. In Q4 2021 when Brex last raised, only ~3% of rounds had >1x liquidation preference according to Carta. https://carta.com/data/state-of-private-markets-q2-2024/