The investors all have liquidity preferences so the ones that invested at higher... | Hacker News

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		blindriver 41 days ago \| parent \| context \| favorite \| on: Capital One to acquire Brex for $5.15B The investors all have liquidity preferences so the ones that invested at higher valuations didn't lose any money. But all employees after 2021 are underwater. I wonder if they got any relief from management or if they got screwed.

logicallee 41 days ago [–]

do you know, is that 1x?

tfehring 40 days ago | [–]

Not publicly disclosed as far as I'm aware, but likely 1x. In Q4 2021 when Brex last raised, only ~3% of rounds had >1x liquidation preference according to Carta. https://carta.com/data/state-of-private-markets-q2-2024/

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