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E68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more
All-In with Chamath, Jason, Sacks & Friedberg
The Value of the Common and the Price of the Prefered
Tiger d on and coto, i would just observe the obvious. You're either end of one or not. And i'm just going to get up here wihead leave you. That's lan tramoth for sackond. People don't know se gad an idea? Well, noa certain so when you set up a company, you have a price per share of the common stock and then a price pershare that the series a investor has. The series a investor is buying preferred shares, that actually looks more like debt than equity. These preference stack rie preferred chairs built up.
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