Remove Burn Rate Remove Community Remove Demand Remove Liquidation Preference
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On the Road to Recap:

abovethecrowd.com

While not obvious on the surface, there has been a fundamental sea-change in the investment community that has made the incremental Unicorn investment a substantially more dangerous and complicated practice. And consequently, the burn rates are 10x larger than they were back then. So how will you ever get liquid?

IPO 40