I-Banking Think Tank David Strachan Part II: Investing in Finance 2.0

All Entries Tagged With: "pari passu"

Term Sheet: What Da Heck Is Liquidation Preference (Part 2)

In Part 1, we answered Judd Aston’s question on liquidation preference by illustrating how it protects investors’ downside. What isn’t as obvious is that it also prevents the founders from selling early at investors’ expense. Before you click away thinking that you got a lawyer and you don’t need to understand the terms, check out [...]

Joey Lo | Jan 27, 2010

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