Katana is a real, growing business at $10.3M ARR, but the equity case for a new hire is severely compromised by the preference overhang — $68.6M in total funding against an estimated ~$85M valuation leaves only ~$16-21M of common equity value today, meaning any exit below ~$69M wipes out common stockholders entirely.Read more

Linnworks is a mature PE-backed SaaS platform (~$50M ARR, founded 2005, Marlin Equity investor since Sept 2021) with significant equity unknowns: no disclosed valuation, growth rate, or profitability data.Read more