Remove Aggregator Remove Distribution Remove Liquidity Event
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No Mess (Too Much Liquidation Preference)

ithacaVC

Yes, it is possible to issue preferred stock without liquidation preference, but that is rarely done. Rather, preferred stock has the right upon a liquidation event to get its money back (a 1X LP) or, sometimes, a multiple of its money back (for example a 2X LP). Is the $13mm of aggregate LP a problem? It might be.

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On the Road to Recap:

abovethecrowd.com

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. Of course, for that to be true, you need to reach a liquidity event (IPO or M&A) at or above the last round valuation with no incremental dilution from new rounds.

IPO 40
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Startup Resources

www.vccafe.com

free, distributed source code control management system. aggregation. Github -Â Free public repositories, collaborator management, issue tracking, wikis, downloads, code review, graphs. Pivotal Tracker â?? Agile project management tool that enables real time collaboration. Mercurial â?? Preceden â?? Advasense Technologies. advertising.