downside protection

2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Nov 20, 2024 by Cem Sertoglu · across every show →

Everything said about downside protection, oldest first

Nov 20, 2024 negative
Insight
Sertoglu: Downside protection terms like liquidation preferences are overrated
“I think it's overrated. You know, as I mentioned before, our deals, our investments, are not real investments the way you go by Apple shares on the stock market. They are long-term contracts around a vision, and ultimately it doesn't really move the needle tha…”
Cem Sertoglu Nov 20, 2024 ▶ 54:10 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
May 7, 2026
Insight
Lemkin: VCs consistently overstate downside protection and the number of potential acquirers
“Downside protection is real. We just overstate it. Right. And the number of potential acquirers is real. We actually overstate that too.”
Jason Lemkin May 7, 2026 ▶ 1:18:48 Anthropic's Raise & What It Means for Potential IPO? Mag7: Google & Amazon Up, Meta & Microsoft Down · 20VC with Harry Stebbings
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