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0 pointsgabaix3mo ago0 comments

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.

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x0x03mo ago

Fair point, but Brex' business would have had to have been incredibly weak to raise on those terms.

j / k navigate · click thread line to collapse

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x0x03mo ago

Fair point, but Brex' business would have had to have been incredibly weak to raise on those terms.

j / k navigate · click thread line to collapse