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Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

In brief, a cap acts to place a limit on the conversion price of a convertible note such that investors are guaranteed a minimum number of shares for their bridge loans if the startup does a priced equity round at a high pre-money valuation – “high” meaning above the cap, which is often a heavily negotiated term. (The

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How Investors Are Increasing Their Returns Through Collaboration and Technology

David Teten

Mr. Parekh started his career at Goldman Sachs, developing the firm’s equities business in the Middle East, with high net worth family offices and sovereign wealth funds. Panel 2 – How Social Investing is Disrupting Investments in Hedge Funds, Private Equity Funds, and Other Alternatives.

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White Collar Crime Spree

Altgate

He is apparently the sole equity owner of this 250 attorney firm and reportedly spent $40 million on artwork hanging on the law office walls. Founder of New York law firm Dreier LLC bilked hedge fund investors out of nearly $400 million by selling bogus securities while impersonating other people. Come again? Rod Blagojevich. Paul Johnston.

SEC 28
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If, Why, and How Founders Should Hire a “Professional” CEO

Reid Hoffman

I co-founded LinkedIn in 2003, and by 2005, after asking myself the key questions about my passion, focus, and commitment, I knew I wanted to bring in a CEO. I’d rather be solving intellectual challenges and figuring out key strategies, not debating which employees should get a promotion, or configuring project timelines.

Founder 78
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My XOXO Talk

Bryce Dot VC

So last year Eileen Lee, did this amazing study where she dug into data going back to 2003. Back in 2005 we started a venture firm called OATV, O’Reilly Alpha Tech Ventures, myself, my partner Tim O’Reilly, and my partner Mark Jacobson. You will never be able to pay back your funds if you do not have one of these 6 companies a year.

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From Nothing To Something. How To Get There.

techcrunch.com

also, just to clarify, the first idea we worked on that we called “meebo&# back in 2003 was my idea. the meebo that launched in 2005 was a group effort – the idea primarily came from sandy being a huge IMer and having trouble getting on IM when we were working on earlier ideas in elaine’s apartment!