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by lmeyerov
2692 days ago
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Ya... Preference means higher valuations means more cash. So employees can get less diluted (upside), higher salary (downside), and bigger team (derisking=both). Removing will lose those. Removing preference may seem like it more strongly aligns existing team during critical events... But that'd get priced in to the above, say by 80% based on today's preferred vs common. Ouch! Todays push to 1x participating vs higher in older days is great. I do agree about misalignment during some critical events.. |
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