Pascal's View

JULY 9, 2017

The easiest way to do so is via SAFE notes, due to their simplicity, “available online” documentation, no major covenants established to protect the investors, no governance implications at the board level, etc. All of these items are postponed until the elusive priced equity round. It’s going to be great!”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Berkonomics

JANUARY 4, 2018

In my former industry, I became an informal centralized source for knowledge about the revenues of each of the many competitors, with a special skill for asking just the right questions to obtain the information. Can you guess what percentage your revenue comes from recurring sources such as maintenance revenues?

Covenant 97

Covenant Revenue Email Employee 97

Tim Keane

MARCH 9, 2011

If, on the other hand, there is some near term prospect of cash flow (say within six months or a year) but no ability to repay in the meantime, then the entrepreneur may try and find a way to finance his “pre-revenue period” using friends and family money that accepts a somewhat lower payment in recognition of a relationship beyond just investing.

Finance 83

Finance Bootstrapping Startup Equity 83

Up and Running

SEPTEMBER 26, 2016

Banks will loan to startups that have access to the pockets of institutional investors, like a well-known VC firm, or that are generating a certain amount of revenue that will foolproof their investment. If you’re generating a lot of revenue, you can get incredibly low-interest rates. The downsides of venture debt? No, it’s not.

Covenant 60

Covenant Institutional Investors Balance Sheet Warrant 60

Up and Running

MAY 21, 2015

What this means, is that he gets paid not as a portion of the profit, but as a portion of the overall revenue, regardless of the profit. 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

Berkonomics

JANUARY 24, 2013

If a business were operating above breakeven and revenues and expenses steady, profits would flow to either the shareholders’ pockets or to working capital and taxes. As loan covenants become closer to being violated or after such an event, bankers have some latitude in deciding how to handle their accounts.

Covenant 66

Covenant Revenue Operations Small Business 66

Lightspeed Venture Partners

DECEMBER 10, 2012

Revenue is driven by children’s parties, which cost $600-$4,000 for a two hour party for 15 kids, which apparently is the market price for kids parties in LA. The space can host 6-9 parties per weekend, and they generated $350,000 in revenue last year. By all accounts, the Coop is quite successful.

Covenant 156

Covenant Warrant Southern California Los Angeles 156

Berkonomics

APRIL 4, 2024

Bank loans with restrictive covenants are taken on. The operations of the corporation become more complex. Ownership is spread among several classes of investors. The number of employees grows. These events, one or all, usually are triggers for the founders to seek to create a board for oversight and guidance.

Covenant 48

Covenant Software Review Stock Options Vesting 48

YoungUpstarts

JUNE 19, 2018

It’s important for a community to know where its revenue comes from and, more importantly, know what isn’t generating revenue. Pensacola used a Covenant for the Community to guarantee that contractors would use local minorities in the revitalization of downtown.

America 100

America Community Covenant Metrics 100

Up and Running

APRIL 8, 2013

The biggest downside to traditional debt is that it is harder to qualify for, especially in today’s post-financial crisis environment, often requiring at least two years of consistent profitability and going forward the company must maintain and abide by strict financial ratios and covenants.

Equity 82

Equity Covenant Venture Capital Finance 82

Berkonomics

AUGUST 2, 2010

In my former industry, I became an informal centralized source for knowledge about the revenues of each of the many competitors, with a special skill for asking just the right questions to obtain the information. Can you guess what percentage your revenue comes from recurring sources such as maintenance revenues?

Covenant 48

Covenant Revenue Email Employee 48

BeyondVC

JUNE 11, 2007

In addition, while most associate venture debt with investments in companies with core technology, more and more venture debt firms are back and willing to offer capital to earlier stage web-based companies with no financial covenants and MAC (material adverse change) clauses.

Intellectual Property 60

Intellectual Property Covenant Warrant Equity 60

Duct Tape Marketing

MARCH 28, 2024

You could choose our system to move from vendor to trusted advisor, attract only ideal clients, and confidently present your strategies to build monthly recurring revenue. Fuel your growth, boost revenue and save precious time by upgrading to active campaign today. It's time to transform your approach. So what are you waiting for?

Leadership 64

Leadership Software Review Campaign New York 64

Berkonomics

SEPTEMBER 13, 2010

Bank loans with restrictive covenants are taken on. Second, the audit committee is responsible for hiring an outside auditor as appropriate, reviewing the accounting practices of the corporation and making sure that laws are followed relating to recognition of revenues and expenses. The number of employees grows.

Covenant 59

Covenant Software Review Stock Options Vesting 59