Preferred Stock
topic on 4 shows · 5 statements across 5 episodes
Acquired 
the Y Combinator Startup Podcast 
Capital Allocators 
20VC
5 statements about Preferred Stock, every show
Disney sold 30% of equity for $3.5 million in 1940 offering
“They sell 30% of the company to do this, to raise that. It's funny, you said 3.875. A little bit of that went to the bankers. There was some transaction fees. So they only raise about three and a half million dollars directly to their balance sheet, but they g…”
Green: Preferred stock in capital-efficient software creates strong downside protection
“If you build a business with 20 of revenue, you're growing 30. And you've only burned three million bucks. You're doing something right. And if we can get in there and own preferred stock at the top of the cap structure, and it's recurring and has 80% gross ma…”
Kanji: Preferred stock liquidation preferences matter even in large outcomes
“Like we think that the preference matters even in these large outcomes because there could be volatility downstream.”
Maples: Common versus preferred stock made no financial difference in successful startup investments
“I've never made money or lost money based on common or preferred ever in the ones that worked”