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by wand3r
1024 days ago
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There was a pretty interesting discussion on e141 of the All In Podcast regarding the IPO climate. I'm not an expert on this so worth consulting the podcast, but essentially they made some interesting points. Basically an IPO will fix the cap table for companies with very convoluted warrants and pref stacks. So while some investors will take write-downs the company was structured in such a way that it basically couldn't raise money. Not sure if this applies to instacart but according to the podcast an IPO event in some cases converts everyone to common which might be a necessary thing. This isn't because of a "downturn" per se, but it advantages some investors and the company as a whole. |
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