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A comment on Airbnb Files to Raise $850M at $30B Valuation. Parent comment

Re:Airbnb Files to Raise $850M at $30B Valuation by bogomipz on Saturday August 06, 2016 @06:29AM (#12237668)
Could you explain what 1x liquidation preferences are and why would be on .05x if they were paying out early investors?
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Re:Airbnb Files to Raise $850M at $30B Valuation by greenleafjacob on Saturday August 06, 2016 @06:54AM (#12237703)
If this round had 1x preference then if AirBNB today sold for $850M then all the money goes to the investors.
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