ratchets
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jan 10, 2024 by Jamin Ball · across every show →
Everything said about ratchets, oldest first
Jan 10, 2024
Ball: ZIRP-era funding rounds lacked ratchets blocking down-round IPOs
“The reality of the moment we live in today is a lot of these zerf rounds, they didn't have ratchets. It was the opposite. They were very light on terms and they were very light on structure. So you don't have this Dynamic of super heavy ratchets, anti-dilution…”