https://minutesof.com/bill-gurley/on/liquidation-preference/ Everything Bill Gurley has said on liquidation preference: 4 verbatim quotes between August 2023 and March 2026, each with a timestamp and a link to the… en Sun, 30 Aug 2026 16:22:01 +0000 https://minutesof.com/q/2e31e5d2-4194-47c7-9a1d-f7ab119b6eb0/ https://minutesof.com/q/2e31e5d2-4194-47c7-9a1d-f7ab119b6eb0/ “So venture capitalists typically take preferred stock, and it has a term called liquidation preference, which means in a sale, they get the option to basically treat it like debt.” — Chris Williamson Sat, 14 Mar 2026 15:00:16 +0000 liquidation preference https://minutesof.com/q/753dda69-e3be-467a-bb08-d4a867713b32/ https://minutesof.com/q/753dda69-e3be-467a-bb08-d4a867713b32/ “And in M and A outcomes, the investor can choose to take the LIC preference and not convert to common so they can get their money back.” — Invest Like the Best Tue, 10 Jun 2025 08:00:00 +0000 liquidation preference https://minutesof.com/q/d03e72b3-98e7-4d93-9d6e-e0087640b5c6/ https://minutesof.com/q/d03e72b3-98e7-4d93-9d6e-e0087640b5c6/ “And that's one of the reasons why the IPO market's been slow to get going because people have to get come to terms with all these things.” — CNBC Television Mon, 11 Sep 2023 16:11:42 +0000 liquidation preference https://minutesof.com/q/51a8f0e5-6918-422e-adcc-35096c462ddf/ https://minutesof.com/q/51a8f0e5-6918-422e-adcc-35096c462ddf/ “There was a term removed from most term sheets that gave investors the right to protect their LICPREF on an IPO, that's gone in most of these cases.” — All-In Podcast Fri, 11 Aug 2023 06:23:00 +0000 liquidation preference