So what's the effective difference between raising money with KP and someone you... | Hacker News

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Moto7451 on June 30, 2016 | parent | context | favorite | on: Kleiner Perkins has raised two new funds totaling ...

So what's the effective difference between raising money with KP and someone you have more respect for? Connections? Mentors?

cft on June 30, 2016 [–]

Means that even if the company completely fails, preferred stock will be paid to some extent, eg. Meebo, Slide, Loopt, etc

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