-100%

est. 2Y upside i

ProductivitySeries A

Autonomous project management tool with AI for software teams

Rank

#4214

Sector

Project Management Software

Est. Liquidity

~0Y

Data Quality

Data: High

Do not accept this offer for its equity component — Height shut down in September 2025 and is already out of business as of May 2026.

Last updated: May 5, 2026

Bull (2%)-85%

In a highly unlikely late-stage acqui-hire or IP acquisition, a buyer pays nominal proceeds (~$5-10M) for talent or patents. After the $18.3M liquidation preference waterfall is satisfied, common stockholders receive $0 or a negligible token distribution — a ~85% effective loss on any grant-date equity value.

Base (8%)-100%

Height completed its planned wind-down with a final service date of September 24, 2025 (now past). Remaining assets are liquidated for minimal proceeds and the $18.3M in preferred liquidation preferences consume everything, leaving common equity at exactly $0.

Bear (90%)-100%

The company has already shut down as of September 2025 with no reported acquisition; PitchBook lists it as 'Out of Business' with a $0 valuation. Common stockholders receive $0 — equity is confirmed worthless with no recovery path.

Est. time to liquidity~0.0 years

Preference Stack Risk

severe

Funding Intensity

999900%

Total funding of $18.3M in liquidation preferences sits against a $0 current valuation, meaning preferred shareholders absorb 100% of any proceeds and common equity holders receive nothing.

Dilution Risk

high

With only 14 employees at wind-down and no future funding possible, the option pool is fully underwater with zero prospect of recovery.

Secondary Liquidity

none

No secondary market exists for equity in a company that has already ceased operations and is classified as out of business by PitchBook.

Questions to Ask at the Interview

Strategic questions based on Height's data — designed to show you've done your homework.

  • 1

    “Has the company formally completed its legal wind-down, and what is the current corporate status — are there any active acquirer discussions underway?”

  • 2

    “Is any portion of the compensation package structured as a cash retention bonus rather than equity, given the equity carries no recoverable value?”

  • 3

    “What obligations (if any) does the company have to employees regarding WARN Act notice, severance, or accelerated vesting during the wind-down?”

Community

Valuation Sentiment

Our model estimates -100% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.