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Jason's DTC investment thesis, Jokr looking to raise $50M, liquidation preference breakdown, witness in Elizabeth Holmes trial goes rogue | E1553
This Week in Startups
What Is Participating or Non Participating?
We don't know if this is participating or non-participating. But we can do it both ways and see howdan, we can just do this with the participating liquidation preference of one point five right? So here we go. In that when you have one point five, right? Or even two in one point five cenaria. And the company gets sold for half as much, let's say, two point five million. Ah, well, you're going to get back one point five times your original investment. Original investment of 500 thousand becomes 750000 dollars. Now the v c's got 37 % of the company's proceeds in that sale. It felt like they'd
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