Remove Capitalization Table Remove Demand Remove Distribution Remove Operations
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On the Road to Recap:

abovethecrowd.com

The reason these terms can produce returns by themselves is that they set the stage for a rejiggering of the capitalization table at some point in the future. Cash distributions are what matter at the end of the day, bug big paper gains still make for good fundraising pitches. This is uncharted territory.

IPO 40