liquidation preference stack
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Apr 17, 2024 by Jeremy Giffon · across every show →
Everything said about liquidation preference stack, oldest first
Apr 17, 2024 negative
Giffon: High Liquidation Preferences Can Render $10M ARR Startups Completely Worthless
“You can have a business that's doing ten million dollars a year of revenue and growing 30% a year, but maybe it raised 40 or fifty million dollars. And such that like The founder is probably not going to make any money because the pref stack is so high. And th…”