Feld Thoughts: Term Sheet: Liquidation Preference

Feld Thoughts: Term Sheet: Liquidation Preference

I've written about liquidation preferences (and participating preferred) before, as have most of the other VC bloggers (and several entrepreneur bloggers.) However, for completeness, and since liquidation preferences are the second most important "economic term" (after price), Jason and I decided to write a post on it. Plus - if you read carefully - you might find some new and exciting super-secret VC tricks.