[enjo]

I'm genuinely curious, is a 2x multiple really common these days?

All of the recent raises I've been involved in have been Non-Participating Preferred at a 1x multiple. Or at least capped. I was under the impression that was where everyone had sort of settled these days?

I'm basing this almost entirely off personal experience and the cooley report. http://www.cooley.com/files/104854_vf2014q2.pdf

[SeoxyS]

That has been my experience too.