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.

Ratchet 354

Ratchet Liquidation Preference Equity Stock 354

VC Cafe

OCTOBER 31, 2022

The numbers for the first nine months of 2022 show the extent of the slowdown in almost all parts of the Israeli tech economy, except in early-stage. The later the stage, the bigger the impact. Reduce burn, keep on shipping and focus on sales efficiency. In Q3/2022, $2.6 billion were raised in 143 deals.

Founder 173

Founder Technical Review Down Round Liquidation Preference 173

David Teten

JANUARY 13, 2015

That sales process is harder when strangers are biased against people like you. Yes, you like hip-hop, “urban” clothing and “ ratchet television”, but all that sinks you deeper into stereotypes. You can accelerate your sales process by leveraging potential candidates’ digital footprints. Feign familiarity if you must.

Venture Capital 60

Venture Capital Advisory Board Greece Cofounder 60

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. An MVP strategy is the only way to generate the early wins that build credibility with both internal and external audiences, thus allowing me the space to learn, improve, deploy again, learn, improve, and so on.

Lean 162

Lean Startup Ratchet New York City 162

Up and Running

MAY 13, 2015

Other links: The Time to Think About the 3D-Printed Future is Now (HBR), Space Station Builds 3D-Printed Ratchet Wrench (NASA), Shapeways.com (3D printing marketplace). Noah describes this as this idea of like if you’re early stage you need some money to get off the ground. Number one, guessing at what sales would be?

Business Plan 60

Business Plan Marketing Oregon Small Business 60

Tim Keane

JANUARY 12, 2010

.   Note that this applies only to earl stage Series A-type equity financings and assumes no cash dividends are paid to investors. 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. Let’s start at the end. Let’s start at the end.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

abovethecrowd.com

APRIL 20, 2016

Examples of dirty terms include guaranteed IPO returns, ratchets, PIK Dividends, series-based M&A vetoes, and superior preferences or liquidity rights. The reason these terms can produce returns by themselves is that they set the stage for a rejiggering of the capitalization table at some point in the future.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40