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Praying to the God of Valuation

Both Sides of the Table

We had nascent revenues, ridiculous cost structures and unrealistic valuations. I learned to avoid unnecessary conferences, avoid non-essential costs and strive for at least a neutral EBITDA if for no other reason than nobody was interested in giving us any more money. Until we weren’t. Nobody cared about our valuations any more.

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

YoungUpstarts

But even worse than the cost of recruiting someone new to fill the vacancy when a key employee leaves, there’s one big, looming worry that’s sure to ratchet your anxiety up to critical levels: “She knows everything!” 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. 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
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5 Tips For Stress-Free Business Travel

YoungUpstarts

You always feel as if you’re going to forget something, which puts you on high alert and ratchets up your stress level. “If Unless you absolutely have to, you should avoid checking luggage at all costs. The following pointers will help: . Keep a Bag Packed. One of the biggest stressors of travel is packing. Pack Carry-On Only.

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3 Ways To Make In-House Filing Less Taxing

YoungUpstarts

If your startup is eyeing international expansion early on, your tax compliance and planning needs, both home and abroad, immediately ratchet up. A misstep in any one of these areas can cost you tens of thousands of dollars, so bring in someone who knows his stuff. Use your resources.

Ratchet 113
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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.