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What’s a Fair 409A Discount?

VC Adventure

Most boards did some level of work to determine the FMV of a company’s stock but generally options were priced between 10% and 15% of a company’s then preferred price (because common equity sits behind preferred equity there is typically a discount applied to the FMV of common stock to account for this “overhang”).

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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

How They Do It: Aggregate data from travel data warehouses like ITA as well as indexing travel providers websites, provide this information to consumers in a highly customizable search engine. round closed Feb 2005. Filing Date: initial S-1 filed Nov 17, 2010 , updated March 9, 2011. Founding Date: 2004. Series B Preferred.

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This Week in VC Episode 6 with @Jason Calacanis: Best One Yet

Both Sides of the Table

But when the finally convert the debt to equity the round gets filed with the SEC and thus journalists often pick up on it. Sellers can lower transaction fees by aggregating purchases into fewer transactions, while also providing buyers with an attractive alternative payment method. They also avoid Reg D.

Stealth 285
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From Nothing To Something. How To Get There.

techcrunch.com

Tony P great, though meebo’s place as a “successful&# start up is still open to debate – from consumer IM aggregator to white label IM, still not making big $$. This resulted in a recapitilization of the equity away from 33% each (in my favor) and then the ultimate dismissal of one of the co-founders prior to the A-round.

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Invest in Israel Newsletter October 2010 Edition

VC Cafe

iSkoot, founded in 2005, has an office in Silicon Valley and an R&D center, which employs half the company’s workforce, in Bet Shemesh, Israel. one of the largest publishers of educational books in the world, bought educational software startup Tegrity , the fourth exit for private equity firm Infinity Group in 2010.

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@altgate » Blog Archive » Law Firm Wilson Sonsini Now Preparing.

Altgate

 Obviously, WSGR has a much larger sample size and the fact that they make it public (in aggregate) is impressive.   There are three categories (startup, equity financing and bridge loans) so we can expect more to come.   Building that must have been crazy. .    Building that must have been crazy.

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Startup Resources

www.vccafe.com

Hundreds of startups featured since 2005, will yours be next? YCombinator Series AA Equity Financing Documents. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. aggregation. VC Cafe highlights everything you need to know from hosting your code in hackathons to open source legal docs.