<?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>http://direct.ecency.com</link><image><url>http://direct.ecency.com/logo512.png</url><title>RSS Feed</title><link>http://direct.ecency.com</link></image><generator>RSS for Node</generator><lastBuildDate>Wed, 22 Apr 2026 19:49:26 GMT</lastBuildDate><atom:link href="http://direct.ecency.com/created/christoph/rss.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Why Liquidation Preferences Can Make Your Startup Worse]]></title><description><![CDATA[Contract clauses and financial models illustrating how proceeds are distributed among different shareholders at exit are frequently referred to as waterfalls. They can be very complicated. It seems that]]></description><link>http://direct.ecency.com/liquidation/@dheenu0456/why-liquidation-preferences-can-make-your-startup-worse</link><guid isPermaLink="true">http://direct.ecency.com/liquidation/@dheenu0456/why-liquidation-preferences-can-make-your-startup-worse</guid><category><![CDATA[liquidation]]></category><dc:creator><![CDATA[dheenu0456]]></dc:creator><pubDate>Mon, 08 Jan 2018 14:39:51 GMT</pubDate><enclosure url="https://images.ecency.com/p/3zpz8WQe4SNH8q6FEif2uzpmXjQNog2n2huWTcwn8h9qiemhA2Fb6BDCR8rjwhZx2eobsQ4BuDENQfsBqcEXisUMBLZUSQefTjEZbsiCuQ17KiEoAmBCRShSsQbPpa42jUeJAyyRgqNnmh6DaCX8?format=match&amp;mode=fit" length="0" type="false"/></item></channel></rss>