The Ledger
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Gass: Big Four auditors are pushing back on 409A startup valuations
“The other thing we've started seeing is, is during audit, during the audit process, when you, whether you're using a big four or one of the other large firms, you're starting to actually see some pushback on that, right?”
Gass: Early 2X to 3X liquidation preferences will cripple future fundraising
“If say you gave away two or three X preference early on, it's going to be hard to do follow on fundraising when an investor sees that, because that's going to be impactful to them. They don't want to be, they don't want to participate in that company. So eithe…”