Subscribers See Rise in Investor-Friendly Terms

In our ongoing effort to report on the fine print of private tech financing deals, we asked you, our subscribers, for a sense of what’s new and changing in the deals you see.

The findings made it clear that increasingly complex deal terms, like multiple liquidation preferences and participation rights, are on the rise. Fifty three percent of subscribers identifying as investors say IPO protections have become more common in recent years. Around 45% said multiple liquidation preferences and participations had become more common.