Why do folks do stuff like this? What is it? #uglydataviz
Thanks to Vishnu Rachakonda at Penn for spotting this one.
When we looked at the trends among US tech startups with disclosed deal terms, we saw that more than a quarter of financings pre-2015 had senior liquidation preferences. In 2015, there was a significant decline in senior preferences, dropping below 20%, but the figure bounced back up to 32% last year.