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DoorDash
Acquired
The Stock Market Hiccup in Lithin Hu One, Twenty Seventy
At this time, everyone was so obsessed with being a unicorn and being a billion dollar company that they were takin crazy. They had participating preferred terms and like, ay, basically saly high liquidation preferences,. Many rounds before you would have that sort of downside protection built inYo, really private equity style capital coming in. And it was private equity farms likeyo, miste t p g was doing this. You now you saw a big traditional private equity firms come in and say, o ye, i'll make that trade. It is worth remembering that there was a macro economic stock market hiccup in lithin hu one, twenty 16....
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