Venture Deals · glossary
All the preference classes and what each must be paid first. After the Series B, Solaris’s stack was €7,100,000. Chapter 9
Explained in Chapter 9, Preference Shares and the Stack, of Venture Deals.
Article 5.1 sets the order of payment on a liquidation event, which is a return of capital to the members, real or deemed. The money goes to the senior class first, then to the classes below, and the rest goes to the ordinary shares. That queue is the stack, and running money down it is the waterfall.Read Chapter 9, Preference Shares and the Stack →
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