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Liquidation preferences may have multiples. A 3x liquidation preference would have erased most gains for anyone who didn’t raise in the last round, employees an
by gabaix 8mo ago
Liquidation preferences may have multiples. A 3x liquidation preference would have erased most gains for anyone who didn’t raise in the last round, employees and founders included.
- x0x0 8mo agoFair point, but Brex' business would have had to have been incredibly weak to raise on those terms.