Preemptive Term Sheets

“And it used to be that preemptions were a way to try and get a sweet deal, so not pay market price, whereas now it's to try and get out of bidding wars that end up happening if ever you have an interesting company that is raising through a process where you co…”

“The thing which is interesting is that about a third Of our companies actually don't go and raise a round. The round just comes to them in the form of a preemption.”