Feld Thoughts

AUGUST 25, 2015

Jack Tankersley, a long time mentor of mine, co-founder of Centennial Funds, and co-founder of Meritage Funds, wrote me a very long response. Take a look at the founding syndicates of each: Masstor Sytems (5/1979). Quantum Corporation (6/1980). JMB Realty: Real Estate Management company.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Feld Thoughts

JULY 14, 2015

The new money comes in at a pre-money valuation of $100, but includes a complete refresh of founder equity to 40% of the company. So the new investment gets 60%, the founders get 39.9%, and the $1m of seed money gets 0.1%. and the investors, who put up $1m in a convertible note, get 0.1%. Sure – it happens.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

VC Cafe

OCTOBER 7, 2010

The magazine’s “Central Banker Report Card,” which has been published annually since 1994, grades Central Bank governors of 30 key countries, and the ECB, according to an “A” to “F” scale for their performance and success in areas such as inflation control, economic growth goals, currency stability and interest rate management.

United Kingdom 96

United Kingdom Austria Global 96