Liquidation Preferences Worksheet
A brieft post! The first and possibly the last. I and Chicago-based technology entrepreneur and investor Dan Malven got into an email discussion a few months ago after my financing term sheet post on liquidation preferences. Dan has created a very cool spreadsheet that first-time entrepreneurs can use to understand how participation, preference multiples, and even participation caps will affect distributions and ownership post-money and on exit. Dan's one of those excel masters who has awesome spreadsheet voodoo skills, and this is a very cool document. Be sure to read Dan's post that points to his worksheet.