3min chapter

This Week in Startups cover image

VC investing in a downturn & protecting founders + smart vents with Flair's Dan Meyers | E1617

This Week in Startups

CHAPTER

Are You Sock Too Compliant?

Common shares affects the liquidation preference, right? You're junior to the preferred shares. So that, let's say you had paid 10 million bucks or whatever for your 30% ownership over time. That 10 million doesn't count towards anything. Your common is now worth a third of the remaining 70%. Let's say 50% who went down to it. So you have like 15% of the common. And then if we're the investor in that situation, what does the calculation book come? $1000 off at vanta.com slash twist. V-A-N-T-A dot com slash T-W-I-S-T.

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