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O participation a means you get your money back times liquidation preference, or you get your percentage return. And that's to protect the down suppretet. So let's take the same scenario. I put in 500, cat five million, but the company sulfor two point five. People invested at five million, they bat ten %, and the company's only selling for two point 5. Well, what that means is, if you had a one point one percent liquidation preference,. Or if you had one point five, you'd take seven 50 off the top.
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