Equity upside is expected negative (-12.4% over 2 years) due to high incumbent competition, preference overhang, and dilution.Read more

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.Read more