Both Sides of the Table

SEPTEMBER 5, 2012

Because convertible debt deals often have both a ‘full ratchet’ and often have ‘multiple liquidation preferences’ “ Yup. The key for entrepreneurs to understand is whether it’s a “full ratchet” or a “weighted average ratchet.” Convertible notes have full ratchets.

Ratchet 354

Ratchet Liquidation Preference Equity Stock 354

VC Cafe

OCTOBER 31, 2022

Two weeks ago in San Francisco, a conversation with tech lawyers from the US and Europe was a confirmation of what I read in the news. That means that investors are contractually demanding to get 2-5x their investment, before other share classes get paid. Israeli tech review Q3 2022, IVC Online and Bank Leumi.

Founder 173

Founder Technical Review Down Round Liquidation Preference 173

Duct Tape Marketing

OCTOBER 10, 2018

And so focus is one of those things that contributes to it but, at the same time, I would argue that in the environments that we work inside of today, it’s the ingredient that’s in the most demand and it’s the one that we so often have the least control over. So we even have a novelty bias embedded within our brain.

Ratchet 73

Ratchet Restful Email Product 73

Tim Keane

JANUARY 12, 2010

.   This is perceived by some investors as a way to assure that the founders are in the game for the long run. ·       Conversion provisions allowing preferred to convert to common if they choose or upon the closing of an IPO at a specified price.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Up and Running

APRIL 27, 2012

So instead they plough on building and coding, without paying attention to the fact that demand may be weak; customer input has been negligible; and cash is dwindling. If your website has a shopping cart a key metric to focus on is the E-commerce Conversion Rate (ECR), which measures the percentage of visitors converting to a sale.

Metrics 68

Metrics Nigeria Ratchet Churn Rate 68