The Equity Kicker

NOVEMBER 9, 2016

I just read a New York Times article that led with the sentence “Deep inside a Silicon Valley unicorn lurks a time bomb”. It turns out that ‘time bomb’ is the much maligned and, I suspect, little understood, liquidation preference. For these reasons our investments at Forward Partners are always in ordinary shares.

Liquidation Preference 122

Liquidation Preference Silicon Valley Participating Preferred Common Stock 122

Scott Edward Walker

JULY 20, 2011

As I saw first-hand in New York City representing big, successful private equity firms, the best dealmakers have an extraordinary ability to take their emotions out of transactions and remain extremely disciplined. Tips Tip #1 – Check Your Emotions and Remain Disciplined.

Private Equity 78

Private Equity Liquidation Preference Option Pool Entrepreneur 78

Scott Edward Walker

DECEMBER 29, 2011

What’s It Like Working At A Major New York City Law Firm? What Is A Liquidation Preference? House Passes Crowdfunding Bill: FAQ’s For Entrepreneurs 3. How To Hire A Superstar Engineer For Your Startup 5. How To Launch A Startup And Avoid Ending-Up In Jail 6. 3 Ways For Startups To Cut Their Legal Fees In Half 7.

Antidilution 66

Antidilution Liquidation Preference Term Sheet New York City 66

Scott Edward Walker

AUGUST 31, 2011

This is not uncommon, but I still cringe when I hear it (probably because I was trained at two big law firms in New York City and this kind of stuff typically doesn’t happen there). As I learned in New York, no matter what an investor tells you, at the end of the day it’s all business. Any advice would be appreciated.

Silicon Valley 45

Silicon Valley Term Sheet Liquidation Preference Redemption 45

Scott Edward Walker

DECEMBER 13, 2018

As a senior partner at a major New York firm advised me when I was a first-year associate there: “The difference between a $100 million transaction and a $10 million transaction is one zero.”. Indeed, significant legal planning and strategizing must take place prior to negotiations with any potential acquirers.

Founder 45

Founder Merger IP Liquidation Preference 45

Professor VC

APRIL 1, 2010

I had a discussi on with another angel investor a few months ago and he was bragging about the deal he just struck that included a 3X participating liquidation preference. The Most Obvious Mobile Ad Unit and What the New York Times Got Wrong. The old Keep It Simple Stupid Principle. The Real Paid PAID Vacation Policy.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

SoCal CTO

JULY 13, 2010

liquidation preference. Suggestions for Angel Investors - Feld Thoughts , June 2, 2010 I’m on an Acela train between Boston and New York (listening to Boston’s More Than A Feeling – how recursive) on my way to the TechStars Boston 2010 Investor / Demo day. Yes, even bootstrappers. Delegate and automate.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175