On the Road to Recap:
abovethecrowd.com
APRIL 20, 2016
They are likely sitting on amazing paper-based gains that have already been recorded as a success by their own investors — the LPs. Anything that hints of a down round brings questions about the success metrics that have already been “booked.” They use the reputation of the other investors as a proxy for due diligence.
40 
Let's personalize your content