Waterfall
Waterfall: means the order of application of funds or proceeds. Normally, the most likely group to end up at the bottom of the waterfall are ordinary shareholders (in the context of start-ups, these are mostly founders and employees).
Waterfall: means the order of application of funds or proceeds. Normally, the most likely group to end up at the bottom of the waterfall are ordinary shareholders (in the context of start-ups, these are mostly founders and employees).