Both Sides of the Table
SEPTEMBER 5, 2012
Because convertible debt deals often have both a ‘full ratchet’ and often have ‘multiple liquidation preferences’ “ Yup. ” And some seed stage investors told me, “I prefer not to fight over price now. Convertible Notes Also Can Have Multiple Liquidation Preferences.
Agile VC
APRIL 17, 2011
liquidation preference, 6% accumulated dividend (1). Series A-1 Preferred. liquidation preference, 6% accumulated dividend. Series B Preferred. liquidation preference, 6% accumulated dividend (1). Series B-1 Preferred. liquidation preference, 6% accumulated dividend (1).
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Gust
NOVEMBER 15, 2012
In my own portfolio I have companies that are generally perceived to be extremely successful with high profile customers and lots of sales…but they just happen to have a liquidation preference ladder of $25 million!
Both Sides of the Table
MARCH 1, 2016
Another Area of Concern is in the Seed Investor Class. I have also heard LPs express concern over the last few years about the seed stage of venture. One narrative is that too many funds have been created, and without a strong sense of differentiation, there will be too many mediocre seed funds.
K9 Ventures
JUNE 5, 2015
Almost two years ago, in a private/closed meeting with K9 Ventures’ LPs only, I claimed that: What was being referred to in the press as the “Series A Crunch” was not because fewer Series A deals were being done, but because there were too many Seed deals being done. Seed stage was super tough. Implications for Founders.
Startup Company Lawyer
MARCH 14, 2010
I think that there are certain situations where the Series Seed and other stripped down equity financing documents might be appropriate, but I know that there are lots of situations where early-stage investors probably wouldn’t agree to the Series Seed terms. Series Seed. Series Seed. Dividend preference.
Startup Professionals Musings
JANUARY 27, 2012
When a company is at its earliest seed stage, the terms tend to be the least complex. Liquidation preference. However, there is no set pattern of terms an entrepreneur might be able to anticipate from either. Your best strategy is to bring your own term sheet to the negotiation as a starting point.
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