VC Adventure

MAY 10, 2020

After its enactment but before it was implemented, there were questions about the SBA’s “affiliation rules” which can disqualify companies if the aggregated number of employees at affiliate companies is greater than 500. The program sparked confusion from the start. Exactly what this means isn’t clear.

SBA 77

SBA Affiliate Los Angeles Cap Table 77

David Teten

DECEMBER 3, 2019

645 Ventures released a cap table simulator to help level the playing field. Carta , Captable.io , Certent , EquityEffect , and ShareWorks by Morgan Stanley track private company cap tables. . Some technology vendors are providing options to limit distribution of confidential information from GP reports.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

VC Adventure

AUGUST 15, 2018

It was a benefit to employees and a slight value transfer from equity holders to option holders (generally speaking in M&A transactions the value of the aggregate option exercise ends up allocated across the rest of the cap table).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

David Teten

DECEMBER 12, 2017

Ramanan Raghavendran, Managing Partner at Amasia , explains how they’re managing their processes: “At Amasia, our distributed presence on both sides of the Pacific mandates the use of technology to be effective, timely and coordinated. Some firms use iLevel or Qualtrics to assist reporting requirements.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

View from Seed

DECEMBER 11, 2019

However, as we’ve seen from recent salient stories , these can be ephemeral and don’t end up mattering in the end… they’re really just approximations based on the market for buying a piece of a company’s cap table, not buying the whole thing or making it public. Venture is a field with a power-law distribution of outcomes.

Venture Capital 204

Venture Capital Cap Table Partner LP 204

abovethecrowd.com

APRIL 20, 2016

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. You can no longer simply look at the cap table and estimate your return. If you over-fund the industry, aggregate returns fall.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Startup Lessons Learned

MAY 4, 2021

Can institutions be totally distributed or should they be rooted and loyal to a certain community or geography? It kind of aggregates technology content, I suppose. And in this crypto algorithm, they said, well, since we're all making this distributed ledger, we now have provably unique digital items that I can send to you, Eric.

IPO 113

IPO Cofounder Technical Review Government 113