<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[RSS Feed]]></title><description><![CDATA[RSS Feed]]></description><link>https://ecency.com</link><image><url>https://ecency.com/logo512.png</url><title>RSS Feed</title><link>https://ecency.com</link></image><generator>RSS for Node</generator><lastBuildDate>Sat, 15 Aug 2026 01:31:53 GMT</lastBuildDate><atom:link href="https://ecency.com/created/termsheet/rss.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Why do later rounds of investment get senior liquidation preference?]]></title><description><![CDATA[The short answer is “because the later stage investors can demand it” (i.e., the golden rule) but there’s more to it than that. The liquidation preference can be considered a protection mechanism; it’s]]></description><link>https://ecency.com/@markgritter/why-do-later-rounds-of-investment-get-senior-liquidation-preference</link><guid isPermaLink="true">https://ecency.com/@markgritter/why-do-later-rounds-of-investment-get-senior-liquidation-preference</guid><category><![CDATA[startup]]></category><dc:creator><![CDATA[markgritter]]></dc:creator><pubDate>Sat, 13 Oct 2018 07:17:00 GMT</pubDate></item></channel></rss>