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

Both Sides of the Table

MAY 30, 2015

This is called a “full ratchet,” which is also historically a term that VCs would be crucified for trying to get away with but I’ll avoid talking about that in this post.]. If a VC tried to do this to you on an early-stage deal they would get such a bad reputation that no other VCs or entrepreneurs would work with them.

Liquidation Preference 150

Liquidation Preference Ratchet Angel Investor Entrepreneur 150

Startup Lessons Learned

MAY 27, 2020

Out of the Crisis #5 is a conversation with three people who pivoted their biotech company to help fight the coronavirus. You can listen to our conversation on Apple podcasts , Google podcasts , or wherever you like to download. And often what we're seeing in these hydroxychloroquine studies is a big ratcheting of a typical dose.

United States 68

United States Europe Ratchet Technical Review 68