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The $0 Outcome: What Nobody Tells You About Liquidation Preferences
George's Takes

The $0 Outcome: What Nobody Tells You About Liquidation Preferences

My friend spent four years building a company. Raised $3.6M. Built a real product. Launched to real users. If they sell today, they get $0. Not because they failed dramatically. Not because of fraud or negligence. But because of two words buried in their term sheet that they didn&
Nov 18, 2025 10 min read
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