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If you ask 5 VCs to do an investment waterfall that models a successful unicorn exit, you’ll get 5 different files. You’d think it was their job to know this, since they are the ones who complicate it with liquidation preferences and other esoteric terms, but no, they can’t even agree on who gets how much when everything goes great.
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If you ask 5 VCs to do an investment waterfall that models a successful unicorn exit, you’ll get 5 different files. You’d think it was their job to know this, since they are the ones who complicate it with liquidation preferences and other esoteric terms, but no, they can’t even agree on who gets how much when everything goes great.
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