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Why 2023 Will be a Blood Bath for Crypto Startups | Roundup

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FTX - Is There a Board?

VCs have been on the wrong end of that for the last 12 months. Liquidation preference is still one to one Pro-rata rights more so now. I think people are now pushing more so to have a board seat if you're the lead investor But the structure remains the same just evaluation and we just come down dramatically.

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