A "compounding ratchet" sounds painful (it is!). Looks like company agreed to "dirty" term sheets. On the IPO, some investors will now have an incentive to push for a lower price. Best to steer WAY, WAY clear of investors asking for compounding ratchets. https://t.co/3h72RQbbY9 https://t.co/G0aBwv9jYG
— Bill Gurley (@bgurley) Nov 25, 2024
from Twitter https://twitter.com/bgurley
November 25, 2024 at 03:21PM
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