philipsmith.typepad.com

SEPTEMBER 24, 2011

a year burn rate and your equity is worthless due to numerous recapitalizations and bridge loans from investors then either you don't get it or I'm stupid to do it. This same 'later stage can't pay you anything up front' ruse gets done for sales and marketing types, too. Name and email address are required.

Silicon Valley 40

Silicon Valley Equity Technical Review Recapitalization 40

abovethecrowd.com

APRIL 20, 2016

This severely heightens the risk of either running out of money or a complete recapitalization that wipes out previous shareholders (founder, employees, and investors alike). They basically cannot afford to expose themselves to any more risk in a particular name.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

www.paulgraham.com

APRIL 28, 2010

Youllprobably get either preferred stock, which means stock with extrarights like getting your money back first in a sale, or convertibledebt, which means (on paper) youre lending the company money, andthe debt converts to stock at the next sufficiently big fundinground. [ The part I thought was hard, the mechanics of investing, reallyisnt.

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63

Both Sides of the Table

AUGUST 9, 2011

I show charts on housing, structural unemployment, home equity re-financings that we spent meaning less spending power post crash, new housing sales, debt-to-income ratios, public-sector job problems that will cause crises in cities and states across the US. I can’t say his name yet because he hasn’t announced funding.

Stock 305

Stock Technical Review Marketing Greece 305