Gust
NOVEMBER 4, 2011
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
Both Sides of the Table
MAY 15, 2010
What are “Reg D” filings with the SEC and why does this make it harder to stay in stealth mode? But when the finally convert the debt to equity the round gets filed with the SEC and thus journalists often pick up on it. Criteo was founded in 2005 in France; now based in Palo Alto, CA. They also avoid Reg D.
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Altgate
DECEMBER 11, 2008
The 70 year old “lion&# of Wall Street is arrested after confessing to what the SEC describes as a $50 billion Ponzi scheme. 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. Dreier is a graduate of Yale and Harvard Law School.
www.paulgraham.com
APRIL 28, 2010
November 2005 Venture funding works like gears. The SEC defines an "accredited investor" as someone with over amillion dollars in liquid assets or an income of over $200,000 ayear. It costs you a little more equity, but being able to play the two firms off each other (as well as ask one if the other is being out of line) is invaluable.
www.vccafe.com
MARCH 11, 2013
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. Argonaut Private Equity. Seed Startups. VC Cafe covers early stage Israeli and European tech & mobile startups.
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