Both Sides of the Table

APRIL 19, 2011

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. Matt is one of the most transparent, focused & honest startup guys you’ll meet. The answer? Given the bank more “warrant coverage.&#.

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

Pascal's View

JULY 9, 2017

Unfortunately, what the CEO/founder forgets most often is that the notes have a multiplier effect in the post-money calculation; the more notes and the further the cap is from the new priced equity, the greater the variance between actual and nominal pre- and post-money valuations. It’s going to be great!”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Berkonomics

DECEMBER 21, 2017

Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range.

Covenant 97

Covenant Cost Angel Groups Angel Investor 97

Up and Running

APRIL 2, 2015

Since it’s all about reducing the risks, banks will often ask newer businesses that depend on the key founders to take out insurance against the deaths of one or more of the founders. Expect to sign a personal guarantee as part of the loan process. Insurance information. Copies of past returns. Agreement on future ratios.

Balance Sheet 60

Balance Sheet SBA Covenant Technical Review 60

Up and Running

MAY 21, 2015

When you hear of a company that sells for, say $10 million, most people assume that the founders are now multi-millionaires. Covenants, a legal term that just means promises, are things you promise to do (known as affirmative covenants ) or promise not to do (known as negative covenants ) as the manager of the business.

Covenant 60

Covenant Liquidation Preference Ratchet Dilution 60

David Teten

AUGUST 1, 2019

Structuring and Negotiating Executive Compensation Packages: Addressing Pay, Severance, Restrictive Covenants, and More. Here’s How Startup Founders Should Offer Employee Equity. Private company stock option grants: a founder’s guide to who gets what, when. Executive Compensation & Severance.

Private Equity 60

Private Equity Equity Due Diligence Portfolio 60

David Teten

SEPTEMBER 10, 2019

Structuring and Negotiating Executive Compensation Packages: Addressing Pay, Severance, Restrictive Covenants, and More. Here’s How Startup Founders Should Offer Employee Equity. Private company stock option grants: a founder’s guide to who gets what, when. Executive Compensation & Severance.

Due Diligence 60

Due Diligence Stock Options Covenant Private Equity 60

The Equity Kicker

JULY 15, 2014

The founder, Daniel van Binsbergen, is an impressive individual so we backed him to build a marketplace to help SMEs and freelance lawyers find each other. You could think of it as like Elance or oDesk for the legal sector.

Covenant 106

Covenant Customer Early Stage Matching 106

Lightspeed Venture Partners

DECEMBER 10, 2012

The two founders, Lucinda Lent and Juliet Bodystun wanted to raise $150,000 in return for 15% of the company in order to franchise their concept nationwide. Even after paying the two founders $100,000 collectively in salary, the business still made a profit in the $125,000 to $150,000 range.

Covenant 162

Covenant Warrant Southern California Los Angeles 162

Up and Running

SEPTEMBER 26, 2016

Luckily for founders, the ways in which you can finance your startup are varied based on your business model, your preference, your goals, and timeline, and so on. Covenants: borrowers face fewer operational restrictions or covenants with venture debt.

Covenant 60

Covenant Institutional Investors Balance Sheet Warrant 60

Berkonomics

APRIL 4, 2024

Start-ups with one founder rarely have or need a board of directors. Bank loans with restrictive covenants are taken on. These events, one or all, usually are triggers for the founders to seek to create a board for oversight and guidance. In fact, such a board would seem out of place in a one-person company.

Covenant 48

Covenant Software Review Stock Options Vesting 48

Berkonomics

JULY 19, 2010

Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range.

Covenant 48

Covenant Angel Groups Angel Investor Dilution 48

YoungUpstarts

JUNE 19, 2018

Pensacola used a Covenant for the Community to guarantee that contractors would use local minorities in the revitalization of downtown. Smart leaders make sure people of all races, genders, sexual orientations, ages, and economic levels are part of the decision-making process and that minorities get a piece of the economic action.

America 100

America Community Covenant Metrics 100

David Teten

SEPTEMBER 2, 2017

We believe the best founders and companies are polarizing. An opposite extreme: Techcrunch asked Jeff Clavier, Founder of SoftTech VC, “With three full partners, what will the voting structure be at SoftTech? – Restrictive Covenants (nonsolicitation and noncompete restrictions). Yes, any of our team members can say yes.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Berkonomics

SEPTEMBER 13, 2010

Start-ups with one founder rarely have or need a board of directors. Bank loans with restrictive covenants are taken on. These events, one or all, usually are triggers for the founders to seek to create a board for oversight and guidance. In fact, such a board would seem out of place in a one person company.

Covenant 59

Covenant Software Review Stock Options Vesting 59

Duct Tape Marketing

MARCH 28, 2024

And that's not the saying it's blood of the covenant is thicker than water of the womb. And that's one of my favorite parts of people and of startups and of founders that said, it's one of my favorite parts about disruption is customers who get so pissed off, they create the alternative. You hear that phrase? That's an old time.

Leadership 64

Leadership Software Review Campaign New York 64

Gust

OCTOBER 26, 2011

The Notes will be issued pursuant to a definitive Note Purchase Agreement containing customary covenants, representations and warranties of the Company. The Note Purchase Agreement and Convertible Promissory Note are essential documents for any convertible note financing. Returning to our sample term sheet: Note Purchase Agreement.

Finance 79

Finance Term Sheet Covenant Accredited Investor 79

Pascal's View

APRIL 14, 2015

Shuki learned how to make wine from the founder of Tzora winery, Ronnie James, and he holds strong opinions about everything. Among other projects, Ari is also working with Napa Valley’s Jeff Morgan of Covenant wines to make Jeff’s first Israeli wine, kosher, of course.

Covenant 28

Covenant France California 28