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by ericfrenkiel
3790 days ago
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Common hasn't been close to 10% in a loong while - common is likely presently valued at >75% of Preferred. Anything 1/9 to 1/11 is strictly seed-level discounts for common to preferred. Dropbox may even be at a point where it's no longer options but RSUs. When common is equal to prefererd, you have a public stock price. |
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