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Praying to the God of Valuation

Both Sides of the Table

How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. What happened? People were building.

Valuation 466
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What To Do When Your Trusted Employees Defect To The Competition

YoungUpstarts

In today’s competitive global market, managers know that employees (including really valuable ones) are likely to change jobs every few years or so. By James Pooley, author of “ Secrets: Managing Information Assets in the Age of Cyberespionage “. Like it or not, employee mobility has just become a fact of life.

Employee 100
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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

Because convertible debt deals often have both a ‘full ratchet’ and often have ‘multiple liquidation preferences’ “ Yup. Can you imagine investing in the stock market where your price was determined at a future date and the better that company performed the HIGHER the price you paid for that investment.

Ratchet 354
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[Singapore] Shopify Partners SingTel To Grow Presence In Singapore

YoungUpstarts

The e-commerce space in Singapore has been ratcheted up by another notch as online shopping platform Shopify partners telecommunications provider SingTel to make available its services to businesses in the country. “(But) I’m confident our partnership with SingTel will boost the rate in Singapore,” he says. .”

Singapore 164
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Bad Notes on Venture Capital

Both Sides of the Table

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.

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Version 2.0 and why Series Seed Documents are better than capped convertible notes

www.seriesseed.com

.  In my opinion, the reason that capped convertible debt is the current market leader is that entrepreneurs have been conditioned over time to believe that convertible debt is (a) faster (b) cheaper and (c) better for them than equity investment.    This is EXACTLY why I created the Series Seed Documents. 

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Founders – Use Your Down Round To Clean Up Your Cap Table

Feld Thoughts

Once again, as we find ourselves in the middle of a significant public market correction, especially around technology stocks, there’s an enormous amount of noise in the system, as there always is. Pragmatic cost cuts are always possible and often productive.” Go read it now – I’ll wait. It’s simply not true.