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MARK BIRCH |
FRIDAY, MARCH 16, 2012
Business and the Culture of Money
In banking, it is obvious whether it is loans, trading, or issues shares. Reading the opinions of the very public Goldman Sachs resignation runs the gamut of responses. Indignation – Disgust that the author worked at Goldman for twelve years reaping healthy bonuses off of people behaving badly.
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LEARN TO DUCK |
SUNDAY, FEBRUARY 12, 2012 Mentor / Advisor / Investor
side note: One shouldn't/can't invest in a ventured backed company -- one that issues shares -- unless you are "accredited," or in rare cases "sophisticated." Late yesterday afternoon, Dave McClure sent an email to all 500startup founders and mentors. It went like this: “Hey you! Ricky Martin was on! That man has amazing teeth.).
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ARCTICSTARTUP |
THURSDAY, MAY 12, 2011
More Details On Yandex IPO Revealed
shares (or 16% of total issued shares after IPO) at a price of between $20-$22 per share, Quintura reports. Yandex will issue 15.4M new shares to raise over $300M. This week details of Yandex's terms of IPO resurfaced everywhere. Group's valuation. Almost 90% of the money comes from contextual advertising.
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Five Legal Traps Every Entrepreneur Should Avoid
Like other environments, most legal issues don’t result from fraud, but from ignorance on specific requirements, or simply never getting around to doing the things that common sense would tell you to do. Then you will only have pay tax on the increasing value of your shares when they are sold. Marty Zwilling.
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TAFFY WILLIAMS |
THURSDAY, MARCH 17, 2011
Startup Blog: Forming the Company & Structure - part of starting a.
The more important issue to resolve is the type of structure you want the business to have; a Corporation, a Limited Liability Company, or some other structure. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. Did What?
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Reiter of Bennett Jones LLP Shareholder activists like to project democratic values onto corporate share structures. But multiple-voting shares can be useful - for common and controlling shareholders alike. Dual-class shares have been taking a beating as of late. Dual-class share structures are not without issues.
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STARTUPCFO |
WEDNESDAY, NOVEMBER 24, 2010 The downside of high valuations
Dividends : Some pref shares have a cumulative dividend. These dividends usually convert into more shares at a fixed price. This can be dilutive depending on how long the shares are out there. Some term sheets will provide for a full ratchet, meaning that if you do a down round all shares reset to the new, lower price.
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VC READY BLOG |
TUESDAY, JULY 6, 2010 Anatomy of a Term Sheet: Conversion and Anti-dilution
b) automatically (i) at the time of the company’s initial public offering (usually subject to the public offering share price being at least X times the per share price paid by the investors) or (ii) if at least X% of the investors agree to convert all preferred stock held by all investors (both (i) and (ii) being “Mandatory Conversion”).
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VC READY BLOG |
TUESDAY, JULY 6, 2010 Anatomy of a Term Sheet: Conversion and Anti-dilution
b) automatically (i) at the time of the company’s initial public offering (usually subject to the public offering share price being at least X times the per share price paid by the investors) or (ii) if at least X% of the investors agree to convert all preferred stock held by all investors (both (i) and (ii) being “Mandatory Conversion”).
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VC READY BLOG |
TUESDAY, MAY 11, 2010 Keep track of your stock!
Startups often play fast and loose with equity; promising a small piece of the company to anybody who helps out, but never going through the legal process necessary to actually issue shares or the administrative exercise of maintaining proper stock ownership records. 500 shares of common stock”). Type and amount of equity (ex.
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VC READY BLOG |
TUESDAY, MAY 11, 2010 Keep track of your stock!
Startups often play fast and loose with equity; promising a small piece of the company to anybody who helps out, but never going through the legal process necessary to actually issue shares or the administrative exercise of maintaining proper stock ownership records. 500 shares of common stock”). Type and amount of equity (ex.
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HIGH CONTRAST |
FRIDAY, MAY 7, 2010 Repurchase agreements: what you should know before you sign
The issue sets up like this: You and three friends (Mark, Luke and John) decide to form a company to found a new social network. There are a number of ways of dealing with these issues. You should not start issuing shares or options without legal advice. your shares to anybody under any circumstances.
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VC READY BLOG |
FRIDAY, APRIL 30, 2010 Authorized Shares v. Issued Shares
The terms “authorized shares” (or “authorized capital”) and “issued shares” are often confused, but the distinction is very important. Authorized shares refers to the number of shares of stock the corporation’s charter permits the corporation to issue.
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VC READY BLOG |
FRIDAY, APRIL 30, 2010 Authorized Shares v. Issued Shares
The terms “authorized shares” (or “authorized capital”) and “issued shares” are often confused, but the distinction is very important. Authorized shares refers to the number of shares of stock the corporation’s charter permits the corporation to issue.
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Legal Mistakes Every Startup Can Avoid
Like other environments, most legal issues don’t result from fraud, but from ignorance on specific requirements, or simply never getting around to doing the things that common sense would tell you to do. Then you will only have pay tax on the increasing value of your shares when they are sold. Marty Zwilling.
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STARTUPCFO |
TUESDAY, MARCH 2, 2010 Seed funding: Debt vs. Equity
I am often asked about whether its better to sell shares or convertible debt when raising seed funding. Debt allows you to get the deal done cheaply and quickly (it is far simpler from a legal document perspective than issuing shares). The answer, of course, is it depends. Here is how I approach this.
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THE STARTUP LAWYER |
TUESDAY, JANUARY 26, 2010 Lockdown Lost-Founder IP
Each founder is issued shares in the startup in exchange for the founder’s intellectual property (and usually a small amount cash). In other words, the startup issues shares to the founder as consideration for the founder’s intellectual property and small check. I’m willing to bet a few. Lost Founders.
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SEED STAGE CAPITAL |
MONDAY, JANUARY 4, 2010
In Praise of "Dumb Money"
Structure It As A Loan: Selling a percent of your company at an early stage is exceedingly difficult, not only because you must issue shares, but because it generally implies you are setting a valuation. Go Like Hell: The best way to solve all of the issues above is to execute like hell and make the business a success.
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VC READY BLOG |
MONDAY, DECEMBER 14, 2009 How to determine the right equity structure for your startup
How many shares should be authorized? The number of shares “authorized” in the corporation’s charter is the maximum number the company can issue without amending its charter to authorize more. Authorizing too many shares is wasteful because state filing fees typically increase with the number of authorized shares.
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VC READY BLOG |
MONDAY, DECEMBER 14, 2009 How to determine the right equity structure for your startup
How many shares should be authorized? The number of shares “authorized” in the corporation’s charter is the maximum number the company can issue without amending its charter to authorize more. Authorizing too many shares is wasteful because state filing fees typically increase with the number of authorized shares.
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VC READY BLOG |
MONDAY, DECEMBER 14, 2009 How to determine the right equity structure for your startup
How many shares should be authorized? The number of shares “authorized” in the corporation’s charter is the maximum number the company can issue without amending its charter to authorize more. Authorizing too many shares is wasteful because state filing fees typically increase with the number of authorized shares.
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MCSTARTUP BLOG |
SATURDAY, AUGUST 23, 2008 How to issue shares to a new investor - McStartup Blog - McStartup.