article thumbnail

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

article thumbnail

5/25-NYC – Investing in Intellectual Capital: Patents, Trademarks, Domain Names, Litigation, Government Rights, and other Intangible Assets

David Teten

Kupietzky has spoken extensively on the value of domain names and has appeared on CNN and CNBC and has been quoted by numerous print sources including Investors Business Daily , The New York Times and The Los Angeles Business Journal. Prior to joining Boeing, Mr.

Naming 122
article thumbnail

27 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

million+ company, with 60+ team members doing tours in NYC, San Francisco, Chicago, Washington DC and Los Angeles.”. We do home equity funds without interest or monthly payments in exchange for sharing in the future upside/downside of home values. We’ve continued bootstrapping since then — today we are a $2.5