Ball: Complex VC exits take 12 to 18 months due to investor alignment
Jamin Ball · Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings · Jan 10, 2024 · at 13:53
Jamin Ball, Partner at Altimeter Capital, explains the reasons why resolving preferred stock stack issues and executing startup exits takes extended periods.
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“This is why these processes end up taking 12, 18 months is because it's not 12, 18 months of negotiating with an acquirer or figuring out how to do a dividend back to the preferred, right? It takes 18 months because these are really hard decisions that are often very contentious in the early days, and it takes a long time to get the early stage investors, the late stage investors, And the founders like all on the same page and agreement that this is the right thing to be done.”
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