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Ben Saltiel's avatar

Great article! Most founders (and investors) have not had to encounter such a sharp valuation multiples re-set and have not concerned themselves sufficiently about what these "dirty" term sheets can mean for them in a few years, good outcome or bad.

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OnlyCFO's avatar

Hopefully, more companies just accept clean down rounds and others are motivated to do the same.

My guess is that the companies that aren't doing great will want to keep headline valuations and accept dirty term sheets to continue to promote a false image.

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