-17%

est. 2Y upside i

Data & AnalyticsSeries C

Cloud-hosted business intelligence platform built on Apache Superset

Rank

#3826

Sector

Business Intelligence, Data Analytics

Est. Liquidity

~4Y

Data Quality

Data: Low

Preset's equity carries a negative probability-weighted expected upside of approximately -17%, driven primarily by a severe preference stack — $55.7M in total funding almost certainly exceeds the company's current market value (estimated ~$48M based on Series C implied terms) — which eliminates common equity participation in any exit below ~$55.7M.

Last updated: May 5, 2026

Bull (10%)+150%

Preset's AI-native analytics layer (Chatbot, MCP integration) gains meaningful traction in the embedded analytics segment, attracting a strategic acquirer at $150–200M (~65x current revenue of $2.8M). After $55.7M in liquidation preferences, the remaining $95–145M distributes to common equity, yielding approximately 150% upside on grant-date value.

Base (45%)0%

Preset grows revenue modestly to $6–9M over 3–5 years but remains subscale against Tableau and Looker, ultimately exiting via acquisition at $60–90M. After $55.7M in liquidation preferences absorb most of the proceeds, employee common equity returns approximately 0% on grant-date value.

Bear (45%)-70%

The anomalously small $7.27M Series C proves insufficient runway for competitive repositioning; Preset continues losing enterprise ground to well-capitalized incumbents and is sold for parts or wound down at under $30M. Liquidation preferences consume all proceeds, and employee equity is effectively wiped out — approximately -70% loss on grant-date value.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

116%

$55.7M in cumulative liquidation preferences almost certainly exceeds the company's estimated current valuation of ~$48M, meaning 100%+ of proceeds in most exit scenarios flow to preferred shareholders before common equity participates.

Dilution Risk

high

Additional financing rounds are probable given the small bridge-like Series C; further dilution will compress employee ownership percentages before any liquidity event materializes.

Secondary Liquidity

none

No secondary market activity is evident for a 67-person company at this distress profile; employee equity should be treated as fully illiquid until a formal exit event.

View all 3 open roles at Preset →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “What is Preset's current net revenue retention rate, and how has it trended over the past four quarters — specifically, is logo churn accelerating?”

  • 2

    “What percentage of new ARR comes from the embedded analytics channel vs. direct enterprise, and how does the ACV and payback period compare between those two motions?”

  • 3

    “What are the exact liquidation preference terms and participation rights from each funding round, and at what total exit valuation does common equity (employee options or RSUs) become in-the-money?”

Community

Valuation Sentiment

Our model estimates -17% 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.