20VC's @P_Bonnet breaks down the exact math of the Bending Spoons acquisition: "In the end they acquired Airtable for 2.25 billion. The problem is Airtable raised 1.35 billion." "And actually the Series D, E, and F were higher valuations than the acquisition price... considerably higher as well." "...when you claim the pref you actually diminish the proceeds that are available to the common and I think that's something most people don't really—are not really aware of..." "So really the…