Liquidation Preferences: Non-Participating vs Participating
This lesson is part of the course
In this lesson
You run the exit waterfall for a Series A investor at four exit values, with MIN and MAX, for non-participating and participating preferred.
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Lessons in this course
- The VC Method: From Exit Value to Pre-Money Locked
- Dilution Across Rounds: Seed, Series A, Series B & the Option Pool Locked
- Liquidation Preferences: Non-Participating vs Participating Locked
- Convertible Notes & SAFEs: Cap vs Discount Locked
- Fund Economics: Management Fee, Hurdle & Carried Interest Locked
- Fund Performance: DPI, RVPI, TVPI & IRR with XIRR Locked
- The J-Curve: Cumulative Net Cash Flow by Year Locked
- The Power Law: How One Deal Returns the Fund Locked