David Teten

AUGUST 19, 2019

Though RBI will displace some traditional equity VC, its much bigger impact will be to expand the pool of capital available for early-stage entrepreneurs. . John Borchers, Co-founder and Managing Partner of Decathlon Capital, claims to be the largest revenue-based financing investor in the US. So what is Revenue Based Investing?

Revenue 60

Revenue Term Sheet Founder Technical Review 60

Feld Thoughts

AUGUST 14, 2018

I spent the weekend with a friend from the last 1990s who was the lead banker on the Interliant IPO (I was a co-founder and co-chairman.) If you like to read IPO prospectuses, here’s the final S-1 filing after INIT went effective and started trading on July 8, 1999.

Prospectus 80

Prospectus IPO Cofounder Internet 80

Gust

APRIL 11, 2014

Let’s get right down to business: Dilution of founders’ and other early shareholders’ equity in startups is frequently a subject of intense interest and debate. If you read the “ Dilution ” section of an IPO prospectus , you’ll see that the opposite happens to investors in the new public shares.

Dilution 162

Dilution Equity Pre-Money Valuation Prospectus 162