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.
VC Cafe
OCTOBER 31, 2022
That means that investors are contractually demanding to get 2-5x their investment, before other share classes get paid. Reduce burn, keep on shipping and focus on sales efficiency. Liquidation preferences – in addition to lower valuations, investors are looking for protective provisions. Keep your head up!
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Steve Blank
JUNE 18, 2020
Department of Commerce’s Bureau of Industry and Security added Huawei to its Entity List , effectively limiting the sale or transfer of American technology to the company, (though a series of licenses have been granted to waive the restrictions in some cases.). The goal is to meet its local chip demand by 2030. In 2019, the U.S.
YoungUpstarts
AUGUST 31, 2017
Take sales tax, for instance. If you sell a product, the state where you’ve established nexus needs to be determined, as does whether sales tax applies to your product there. Each state regulates sales tax differently, so keeping track of regulations yourself can be challenging.
Up and Running
NOVEMBER 4, 2014
The key is to have realistic expectations while still demanding a high quality of output. The problem is that the employee is likely to be distracted by all his or her demands when working from a residence. Unless a worker is normally allowed work-from-home options, be careful about granting this privilege during the holidays.
Startup Lessons Learned
SEPTEMBER 12, 2013
We’ve just put a new batch of tickets on sale, and when this one sells out, the price goes up, so sign up now. After starting two companies of his own, he now heads the NYCDOE’s Markets initiative, which works on fostering smart demand for innovative solutions to the most urgent problems in New York’s public schools.
Tim Keane
JANUARY 12, 2010
It also assumes the entire value of the investment is captured for investors at a sale of the company in the time specified in the term-sheet. This results in a range of sale prices; in this example from $118.6MM to $21MM. Let’s start at the end. So, let’s assume here we have an 8% non-cumulative dividend.
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