Tim Keane

JANUARY 12, 2010

3]   However, if they are built bottom up, they demonstrate and make explicit a range of business model assumptions the entrepreneur is using to think about his business and its revenue model.   In a bottom up approach, the forecast is built from actual user projections. Second a liquidation preference and a participation.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Up and Running

MAY 21, 2015

What this means, is that he gets paid not as a portion of the profit, but as a portion of the overall revenue, regardless of the profit. That’s because preferred shares operate under a completely separate set of rules (which will be defined in the investment documents) than your shares. Liquidation preference.

Covenant 60

Covenant Liquidation Preference Ratchet Dilution 60

Both Sides of the Table

FEBRUARY 14, 2016

Valuing any company can be difficult because it requires a degree of forecasting future growth & competition and ultimately the profits of the organization. When I started blogging it was because I was inspired by Brad Feld. forward revenue for SaaS businesses when in the years before it had been less than 5x.

Valuation 150

Valuation Down Round Startup Later Stage 150