Hacker News new | ask | show | jobs
by cma 3112 days ago
> The 18-year-old company, which has required twice the average time to deliver an exit for backers, was valued at about $1 billion when it closed its last funding round in 2015.

If the last round had a strong liquidity preference then it wasn't really valued at $1 billion, and those investors might have even come out ahead.