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by philrapo
3928 days ago
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Actually I have heard/read that it gets more common in very late stage (near-IPO) financing rounds as well. For example, when a company is expected to IPO in the next 12-18 months but needs some more cash runway, there are funds that specialize in providing this type of "bridge loan" financing, which often comes in the form of preferred stock with heavy liquidation prefs. |
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