2. If you're that good at picking startups, become a VC.
3. Common shares are priced less than preferred because they're worth less than preferred.
4. Startups at every stage give liquidation preferences. Startups under pressure will give more significant preferences, sure, but they're relevant to basically every startup.
2. If you're that good at picking startups, become a VC.
3. Common shares are priced less than preferred because they're worth less than preferred.
4. Startups at every stage give liquidation preferences. Startups under pressure will give more significant preferences, sure, but they're relevant to basically every startup.