Venture Deals · glossary
A non-participating preference takes its money back or shares as if converted, never both. A participating one takes its money back and then shares the rest as well. Solaris’s preferences are non-participating, the usual European position. Article 5.2 · Chapter 9
Explained in Chapter 9, Preference Shares and the Stack, of Venture Deals.
Two words set the size of each step. “One times” means the class takes back the money it put in, once. Non-participating means it then stops and takes no share of what is left.Read Chapter 9, Preference Shares and the Stack →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Venture Deals and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Venture Deals → · All terms A–Z →