The Startup Lawyer

MARCH 1, 2010

“The Series Seed Documents are a standardized set of documents that can be quickly and easily deployed for a seed investment: to help get a company financed properly, legally, quickly, and intelligently.&#. The drafters, Fenwick & West and Andreessen Horowitz , imply these docs should be used for $500,000 to $1,500,000 investments.

Preferred Stock 79

Preferred Stock Term Sheet Redemption Registration Rights 79

David Teten

JANUARY 21, 2021

VI: Revenue-based financing: The next step for private equity and early-stage investment. This is a summary of: Revenue-Based financing: State of the Industry 2020. redemption, revenue share, etc.) IV: Should your new VC fund use Revenue-Based Investing? VII: Flexible VC, a New Model for Companies Targeting Profitability.

Equity 78

Equity Revenue Cofounder Colorado 78

Venture Chronicles

NOVEMBER 22, 2010

Does not offer redemption rights to its investors. Here’s what would, according to this definition, be illegal for a venture capital fund to undertake: Private investment in public entity (PIPE) financing. Bridge financing. Welcome to the Department for Avoidance of New Business Creation, how may we help you?

Venture Capital 49

Venture Capital SEC Redemption Bridge Financing 49

Scott Edward Walker

AUGUST 31, 2011

Which financing sources should they consider? Because this is only a $725K investment, a good lawyer will recommend structuring the investment as a convertible note or a “Series Seed” financing , rather than a full-blown Series A. These people need help in defining and pursuing their business goals. At what valuation and on what terms?

Silicon Valley 45

Silicon Valley Term Sheet Liquidation Preference Redemption 45

The Startup Lawyer

MARCH 1, 2010

“The Series Seed Documents are a standardized set of documents that can be quickly and easily deployed for a seed investment: to help get a company financed properly, legally, quickly, and intelligently.&#. The drafters, Fenwick & West and Andreessen Horowitz , imply these docs should be used for $500,000 to $1,500,000 investments.

Preferred Stock 40

Preferred Stock Term Sheet Redemption Registration Rights 40

Scott Edward Walker

JULY 27, 2011

Introduction For the past few months, I’ve been discussing the rights of VC investors in connection with preferred stock financings, including the following: liquidation preferences anti-dilution provisions dividends Board control protective provisions drag-along provisions pay-to-play and pull-up provisions conversion rights redemption rights All (..)

Delaware 49

Delaware Liquidation Preference Redemption Los Angeles 49

abovethecrowd.com

AUGUST 23, 2020

I would argue that any first year finance student or computer science student would naturally assume this is how traditional public offerings already work (they would be wrong). You agree on a price with the Sponsor, but then cannot get shareholder approval or have too many redemptions. It is not overly complicated or sophisticated.

IPO 118

IPO Silicon Valley Warrant Matching 118

Both Sides of the Table

DECEMBER 6, 2017

You can love them and want rehabilitation and perhaps one day redemption but when a person has exploited a position of power they don’t deserve our sympathy above that of the victims and they don’t deserve a free pass back into power. Victims must always deserve more respect than a flawed human being in search of redemption.

Venture Capital 254

Venture Capital Redemption Naming Austin 254

Startup Company Lawyer

MAY 13, 2009

In light of the potential for this significant benefit associated with qualified small business stock, all venture financings should be analyzed very closely from a qualified small business stock standpoint.

Capital Gains 47

Capital Gains Stock Small Business Redemption 47

abovethecrowd.com

FEBRUARY 24, 2015

Historically, different financial institutions specialized in different stages, because the assessment of risk and opportunity was considered unique at each stage — for example, a seed investor was unlikely to do late-stage financing, and vice versa. Some have argued that each of these companies would already be public in a prior era.

IPO 40

IPO Liquidation Preference Valuation Technical Review 40

Professor VC

DECEMBER 8, 2015

I originally got to thinking about this when I received a 485 page information statement on a previously announced merger between Clean Power Finance and Kilowatt Financial. I was a seed investor in Clean Power Finance (CPF), which subsequently raised $90M+ in venture funding and over $1 billion in project and debt financing.

Merger 28

Merger LP IPO Redemption 28

Ben's Blog

MAY 24, 2021

The SEC’s Director of the Division of Corporate Finance recently provided some guidance raising questions about the extent of PSLRA coverage. However, clear guidance from Congress or the SEC about this would go a long way to ensuring that traditional IPOs are not disadvantaged relative to SPACs in a competitive marketplace.

SEC 36

SEC Accredited Investor IPO Technical Review 36