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Good riddance to non-competes

OnlyOnce

Some restrictive covenants for a limited period of time for former employees are totally fair. The post Good riddance to non-competes appeared first on The Startup CEO blog. Making sure former employees can’t specifically harm you after they leave is a different story. But by and large, I say good riddance to non-competes.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. Many venture debt lines have “covenants” that restrict you from going below a certain amount of cash in the bank (in normal times they are more common – in better times they are less common).

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

Typically promissory note or non-voting common stock, with covenants. Hard covenants with potentially strict penalties. . (co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. His work on VC and small communities can be found at greatercolorado.vc/blog. Of the Inc. 5000 companies, only 6.5% Governance.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

Most commercial loan include what we call loan covenants, in which the company agrees to keep some key ratios —quick ratio, current ratio, debt to equity, for example—within certain defined limits. The post 10 Things the Bank Will Ask When You Need a Business Loan appeared first on Bplans Blog. Agreement on future ratios.

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Legal Issues Behind Running A Small Business

YoungUpstarts

You would need sound legal advice from an attorney to ensure that you avoid nasty covenants in the lease. Today, she shares this fascination to numerous others by blogging about different aspects of marketing and business. So is true when leasing the physical space for your business. Intellectual property.

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Accepting Outside Investors? Here Are 5 Things to Watch Out for in Your Contract

Up and Running

Covenants, a legal term that just means promises, are things you promise to do (known as affirmative covenants ) or promise not to do (known as negative covenants ) as the manager of the business. Any investor is going to want covenants in some form, and it’s not unreasonable that they do.

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How 20 customer interviews enriched Lexoo’s strategy

The Equity Kicker

Daniel likes to give the following example: SMEs use lawyers a lot to review employment contracts, but the cost of doing so can vary from £300 to £1,400 depending on the complexity of the situation (options, founder status, restrictive covenants etc.). Finally – some of you who read this blog helped out with the customer interviews.

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