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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Last week ZipCar began trading and has a market cap of about $1 billion. 2010 Operating Income: $16 million. liquidation preference, 6% accumulated dividend (1). Series A-1 Preferred. liquidation preference, 6% accumulated dividend. Series B Preferred. Series B-1 Preferred.

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So What is The Right Level of Burn Rate for a Startup These Days?

Both Sides of the Table

It’s a very personal topic and I’d like to offer you a framework to decide for yourself, based on the following factors: How Long is it Taking to Raise Capital at Your Stage in the Market? Go hard and hope that the market will validate your innovation even if the price may be higher than the market may want to bear.

Burn Rate 150
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Raise the right amount of money for your opportunity

The Equity Kicker

Otherwise the investors won’t make the multiple on their investment that they want and after liquidation preferences are paid the amount left for the entrepreneur may well also be disappointing. Company exits for £20m having raised £15m for 50% of the company in a 1x liquidation preference – the investor gets £17.5m

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Should Entrepreneurs Attend Business School?

Up and Running

Between my experiences as a management consultant, as well as my product and marketing roles at multiple tech companies, I felt that I had enough operational experience to make that leap sooner than later. C Corp versus LLC, non-competes, liquidation preferences, preferred versus common stock, and so on).

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How to Work with Lawyers at a Startup

Both Sides of the Table

Consider it a sales & marketing expense for them. I always try operate on the “Fixed Fee +&# arrangement. You need to know how liquidations preferences work. Most lawyers that work with startups are willing to work on a deferred payment schedule. They want to lock in future clients at an early stage.

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Accepting Outside Investors? Here Are 5 Things to Watch Out for in Your Contract

Up and Running

By contrast, if your investor is getting preferred shares, the investor is probably exercising a disproportionate level of control and taking a larger share of revenue than you might otherwise think if you were just comparing the number of shares each party owned. Liquidation preference.

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The Seeds Have Changed: An Epilogue to The New Venture Landscape

K9 Ventures

So while the infrastructure cost and startup costs may have declined, the operating costs have increased. So I mostly kept my opinion within a small closed group and let my LPs know that K9’s strategy was to *not* change our strategy despite the pressures of the market. Impact of Public Markets. link] pic.twitter.com/XdQXNlIOZq.