Re:Splunk acquires cloud monitoring service SignalFx for $1.05B
by deanmoriarty on Wednesday August 21, 2019 @08:59PM
(#20763649)
All you are saying is very much correct, but it is not what I'm talking about. In the situation I'm referring to, the terms were always clean, in other words:
- 1x liquidation preferences for all rounds
- Non-participating preferred stocks
- The company sold at a valuation significantly higher than its last valuation and they still had a boatload of cash in the bank, so they strictly sold from a position of power
Another HN user just commented down below adding more info to the shady practices I'm talking about, giving them the proper names: recapitalization and carve-out.
- 1x liquidation preferences for all rounds
- Non-participating preferred stocks
- The company sold at a valuation significantly higher than its last valuation and they still had a boatload of cash in the bank, so they strictly sold from a position of power
Another HN user just commented down below adding more info to the shady practices I'm talking about, giving them the proper names: recapitalization and carve-out.