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Zappos had raised $49.1 million from venture investors since its inception, most of it from Sequoia, according Thomson Reuters (publisher of PEHub.com). The Zappos shareholder, who says he has seen the company’s capitalization tables, says Sequoia had a 3x or 3.5x liquidity preference associated with the shares it purchased.
— Sequoia had a >3x liquidation preference in Zappos. Wow.
peHUB » Zappos CEO Wanted To Stay Independent, Sequoia Wanted Liquidity—Sources
peHUB » Zappos CEO Wanted To Stay Independent, Sequoia Wanted Liquidity—Sources
