Are you counting employees that joined after the 1.5B valuation?
I am sure they made money but not what was expected (exiting above 1.5B).
How are you determining par for the course liq preference of 1.0? Where does that data come from? I ask genuinely as the small sample of companies I know of personally have liq preferences greater than 1.
I am sure they made money but not what was expected (exiting above 1.5B).
How are you determining par for the course liq preference of 1.0? Where does that data come from? I ask genuinely as the small sample of companies I know of personally have liq preferences greater than 1.