Feld Thoughts

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Cleantech Open Northeast 2021

Feld Thoughts

Cleantech Open has a particular focus on incorporating diversity, equity, and inclusion (DEI) values into its program. SparkCharge is making the world’s first mobile and intelligent on-demand EV charging network with a portable, ultrafast charging unit for electric vehicles.

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Why Gross Profit Is More Important Than Revenue

Feld Thoughts

They tend to adjust the multiples to try to align with a group of comparison companies, but these comps rarely have a similar supply/demand economic associated with the equity of the company in question. Today, I’m seeing almost all entrepreneurs and investors in growth companies talk primarily about revenue and growth rate.

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Category Collapse

Feld Thoughts

Rates have risen significantly in the last eighteen months, pulling capital out of the equity markets and into the fixed income markets. Any student of history knows that there is a linkage between the push to the public markets, demand dynamics of the public markets, and the availability and attractiveness of capital in the private markets.

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Investment vs. Speculation

Feld Thoughts

Business focuses on the gradual accumulation of intrinsic value, derived from the ability of our publicly owned corporations to produce the goods and services that our consumers and savers demand, to compete effectively, to thrive on entrepreneurship, and to capitalize on change. Speculating is precisely the opposite.

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Convertible Debt – Conversion In A Sale Of The Company

Feld Thoughts

In today’s installment of our convertible debt series, we cover a specific case where the company is acquired before the debt converts into equity. They either get a multiple payout on the debt, or get the equity upside based on the previous preferred round price. There are a few different scenarios.

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Investment vs. Speculation

Feld Thoughts

Business focuses on the gradual accumulation of intrinsic value, derived from the ability of our publicly owned corporations to produce the goods and services that our consumers and savers demand, to compete effectively, to thrive on entrepreneurship, and to capitalize on change. Speculating is precisely the opposite.

Stock 70
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The Pre-money vs. Post-money Confusion With Convertible Notes

Feld Thoughts

Or, if you just want the paragraph, it’s: “If this note converts at a price higher than the cap that you have been given you agree that in the conversion of the note into equity you agree to allow your stock to be converted such that you will receive no more than a 1x non-participating liquidation preference plus any agreed interest.”.