Is the Liquidation Preference Important?

Carol Peters: Are we at the point in the cycle where the dan rouds, the warrants, the the liquidation preferences have happened? Evly, seeing a lot of lick preferences. And explain what it is and why that's important. Lique. Liqridation preference basely means that he, the investor, is going to get their money back first with regards to what happens in the world. It can be arbitrized by success but not for everybody.