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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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Invest in Israel Newsletter October 2010 Edition

VC Cafe

Shamir Optical reported revenues of $142 million in 2009, generated mainly in Europe and the United States, and has about 1,400 employees. In 2008, the company, which employs about 30,000 worldwide, reported revenues of $28.8 In 2009 it boasted revenue of $4.49 KOREA’S POSCO SIGNS AGREEMENT SEEKING ISRAELI R&D.

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Kernel column: The LP update meeting

The Equity Kicker

We see our LPs relatively infrequently; they each look after interests in a large number of venture capital and private equity funds, and they occasionally shift responsibility for looking after our fund to new people, so we always begin by reminding them of who we are, why we are special, and our investment strategy. Manager update.

LP 97
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ProfessorVC: How much is enough?

Professor VC

But of course, the model had us requiring only $10M equity to breakeven and to achieve $185M in revenues in 2008 (the magic Year 5 in all business plans). In looking back at the old financials, at the end of Q2 2005, our cash balance was a whopping $546. Before the $52M Series D , the $23M Series C , the $15.5M

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From Nothing To Something. How To Get There.

techcrunch.com

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! Hopefully your idea of business model isn’t “ad revenue based”. get to know each other first, etc.