Downside Protection
topic on 1 show · 2 statements across 2 episodes
2 statements about Downside Protection, every show
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.”
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…”