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How Do You Structure Early Stage Investments?
I'm wondering about like liquidation preferences for startups that you've invested in. What do those look like? So generally we try to keep it as simple as possible on this to be interesting. We haven't, at least I personally haven't done anything beyond the one x liquidation preference. Now later stage deals where there's a pivot, there's a restart, there's some things to think through. There's reasons that you want to introduce structure and there's good reasons that structure comes into deals. But I just generally try to shy away from structure on earlier stages.