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A comment on Uber Founder Travis Kalanick Resigns as C.E.O.. Parent comment

Re:Uber Founder Travis Kalanick Resigns as C.E.O. by chrissnell on Wednesday June 21, 2017 @02:34AM (#14601324)
That's insanity. Why would existing investors refuse to play ball? They're basically locked into it. Uber's massive valuation is built on its potential and to anything they do that hurts Uber's access to capital hurts them.

I think they made a huge mistake in pushing Kalanick out, but I'm an outsider. There is surely something dark at play here, that we don't know about.

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by ThrustVectoring on Wednesday June 21, 2017 @02:54AM (#14601449)
Liquidation preferences, senior equity, and debt-like terms, perhaps? If Uber is valuable enough in liquidation, it'd be a great opportunity to zero out the common stockholders and go home with a pile of cash.
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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by elmar on Wednesday June 21, 2017 @06:01AM (#14602403)
you are absolutely right depending on liquidation preferences terms cascade it could be a great deal to force an IPO or another type of exit for later investors.
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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by elmar on Wednesday June 21, 2017 @06:54AM (#14602613)
Hidden Cap Table Secrets

https://aleph.vc/hidden-cap-table-secrets-bd6c4e9e780e

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