Comment by gabaix
17 hours ago
Liquidation preferences may have multiples. A 3x liquidation preference would have erased most gains for anyone who didn’t raise in the last round, employees and founders included.
17 hours ago
Liquidation preferences may have multiples. A 3x liquidation preference would have erased most gains for anyone who didn’t raise in the last round, employees and founders included.
Fair point, but Brex' business would have had to have been incredibly weak to raise on those terms.