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What’s a Fair 409A Discount?

VC Adventure

It was a benefit to employees and a slight value transfer from equity holders to option holders (generally speaking in M&A transactions the value of the aggregate option exercise ends up allocated across the rest of the cap table). Similarly I assumed that later stage companies would also show a smaller gap. I was wrong.

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The 4 Types of Stories Founders Need to Tell When Fundraising

View from Seed

That story is how you recruit employees, convince customers to give you a shot, and secure funding. Are you aggregating and leveraging a competitive dataset none will be able to reproduce? Each financing you raise is to get to the next milestone, so when pitching your startup, some portion of your pitch should include a called shot. “We

Founder 120
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The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

The program allows businesses with fewer than 500 employees to apply for low-interest loans to pay for their payroll, rent, and utilities. Particularly confusing to many companies was the statement that companies needed to consider whether they had alternative financing options. The program sparked confusion from the start.

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How To Effectively Manage Business Costs

YoungUpstarts

There is an old management adage which says that “you cannot manage what you cannot measure” This saying may be true in all parts of a company, but is especially pertinent in finance. Fourth, aggregate functions and processes within your organization to reduce inefficiencies as much as possible.

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Does Fintech Disruption Break The Investment Banking Model?

YoungUpstarts

Here digital intercepts of consumer activities are aggregated into large data sets, analysed, and assessed versus market expectations. So although technology has certainly advanced rapidly since then, the effect is not showing up on revenue per employee. Underwriting. Revisiting our components let’s see why.

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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

And they were increasing at an aggregate 33 million IOS and Android activations per month. Turnover of employees in capital in Beijing is very high. Employees work here for a few months and are suddenly gone. The motivations are the same – profit – driven by entrepreneurs and venture finance.

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Why Entrepreneurs Start Companies Rather Than Join Them

Steve Blank

And why funding from families and friends is a dominant source of financing for early-stage ventures (because friends and family know an entrepreneur’s ability better than any resume can convey). There was little loss when they missed hiring employees who had entrepreneurial skills. tend to gravitate toward entrepreneurship.