Feld Thoughts

FEBRUARY 28, 2023

This third body is often referred to as an advisory board (Beirat), sometimes also as a supervisory board (Aufsichtsrat). Conversion right: In Germany, there is generally no conversion right entitling the holder of preferred shares to convert them into common shares at any time. regarding employee issues.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

Agile VC

APRIL 17, 2011

Only 7% of the search queries are performed by users referred by search engines, meaning Kayak’s brand is very strong and they continue to build it ($39M spent in 2010 on brand advertising, nearly $92M in total marketing spend). 5) High Productivity: Kayak had 148 employees at the end of 2010. Series A-1 Preferred.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Tim Keane

JANUARY 12, 2010

Term-sheets and Valuations: Thinking about Negotiations.   I’ve sat down with entrepreneurs and a copy of a term sheet guide I like [ “Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations ” by Alex Wilmerding, Aspatore Press.] The Valuation Question.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Austin Startup

AUGUST 1, 2017

This is most clearly highlighted in the “unicorn” boom we all saw over the past few years, where founders raised very large rounds, with terms very onerous to the underlying common stock, hoping they could eventually justify billion dollar valuations to skeptical acquirers or public market investors. Angels/Seed Funds v.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

Up and Running

MAY 21, 2015

Perhaps the best way to explain it is by a reference to something most of us are already familiar with—the ever popular television show, Shark Tank. All the other sharks typically make a traditional equity investment; for example they’ll invest $100,000 at a $1,000,000 business valuation, and take 10 percent of the business.

Covenant 60

Covenant Liquidation Preference Ratchet Dilution 60

www.mattbartus.com

DECEMBER 9, 2012

Home About Matt Client references Contact. How to pump up your VC valuation. Let’s say you receive a term sheet for a $1 million investment at a $3 million fully diluted pre-money valuation, and you’re kind of disappointed. One possibility is to negotiate a higher valuation and offer warrants (i.e.,

Warrant 40

Warrant Valuation Pre-Money Valuation Term Sheet 40

genylabs.typepad.com

SEPTEMBER 24, 2011

When we reference organizations that have provided us funding in the last year we will note it. I wont bother going into details on start-up financing terms ( see this post for an overview of typical VC terms) except to say if you dont know and understand: the firms cap table and valuation. The Changing Face of Entrepreneurs.

Equity 40

Equity Technical Review San Jose Stock 40