Tim Keane

JANUARY 12, 2010

.   At the financial level , and assuming a harvest of the investment in the company without the need for further financing, two terms stand out as driving economics: the dividend and the liquidation preference. Second a liquidation preference and a participation.   First , dividends.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

The Equity Kicker

DECEMBER 30, 2013

but she will most likely now be sitting behind a $25m liquidation preference and have taken on new investors who want to exit the company for at least $240m (to get 3x on their investment). Avoid[ A rigid business plan gets one locked into a preset invariant policy, like a highway without exits —hence devoid of optionality.”.

Finance 129

Finance Liquidation Preference Valuation Harvest 129

Up and Running

MARCH 29, 2017

See Also: Demand Validation: How to Find Out If Customers Want to Buy Your Product. So I had a business plan, a product, and funds enough to buy some time to figure the rest out. The biggest hole in the “rest” of the business at that point was users. Find your own magic. Over Christmas break, I started building ZipBooks.

Term Sheet 60

Term Sheet Venture Capital Liquidation Preference Valuation 60