Startup Professionals Musings
JUNE 11, 2021
On the other hand, entrepreneurs have a reputation for being one of the happiest and healthiest career paths around. Anxiety will be ratcheted up when team members see constantly changing or non-specific targets, or no guidance on how to achieve their goals. You will be the role model, and people will follow your lead.
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.
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Both Sides of the Table
MAY 30, 2015
This is called a “full ratchet,” which is also historically a term that VCs would be crucified for trying to get away with but I’ll avoid talking about that in this post.]. If a VC tried to do this to you on an early-stage deal they would get such a bad reputation that no other VCs or entrepreneurs would work with them.
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. They use the reputation of the other investors as a proxy for due diligence. They didn’t call you before when they built their reputation. Why are they friendly now?
Startup Lessons Learned
MAY 27, 2020
And often what we're seeing in these hydroxychloroquine studies is a big ratcheting of a typical dose. You ratchet up a drug that has known side effects. If, let's say, you're going to India during malaria season, your physician will likely give you one tablet that you take once a week.
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