cram downs
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Aug 23, 2024 by Sam Lessin · across every show →
Everything said about cram downs, oldest first
Aug 23, 2024 neutral
Sam Lessin: Depleted Fund Reserves Are Fueling Startup Cramdowns and Hostile Recaps
“You are seeing a lot of rights offerings or people doing cram downs.
And look, why?
It's like a bunch of old funds are in.
The thing didn't work.
There's a pivot.
The funds don't have any money to support it.
Someone new comes in and thinks there's value and s…”