Don't the late stage investors get hurt in these deals also? Why would they get ... | Hacker News

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flormmm on Jan 22, 2016 | parent | context | favorite | on: Expect Some Unicorns to Lose Their Horns, and It W...

Don't the late stage investors get hurt in these deals also? Why would they get in at such a high valuation?

rdmcfee on Jan 22, 2016 [–]

I believe that some startup founders/execs have optimized for valuation at the expense of costly liquidation preferences for late stage investors.

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