Remove Aggregator Remove Common Stock Remove Conversion
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

How They Do It: Aggregate data from travel data warehouses like ITA as well as indexing travel providers websites, provide this information to consumers in a highly customizable search engine. Interesting to note that Hafner and English own common stock but also made meaningful investments in the Series A & B rounds.

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Comparing Startup Accelerators

Austin Startup

More traditional and comprehensive programs often require 5–8% of common stock, but often provide between $20K and $100K up-front as well. Comparing Startup Accelerators was originally published in Austin Startups on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Is convertible debt with a price cap really the best financing structure?

Startup Company Lawyer

Tweaking convertible debt so that common stock (instead of preferred stock) is issued for the conversion discount in order to limit liquidation preference overhang. Note: A better way to make convertible debt identical to a seed financing is to have the convertible debt convert into its own series of preferred stock.

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WHAT ARE SUPER PRO RATA RIGHTS?

Scott Edward Walker

Super Pro Rata Right” means a right of first offer to purchase up to 50% of the total amount of the next round raised in the aggregate of any Equity Securities (as defined below) the Company may sell or issue following the date of this Term Sheet.

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Building Convertible Debt into the Premoney Valuation

ithacaVC

Let’s assume the following: Common Stock outstanding: 3,400,000 shares owned by the founders. 62,000 of convertible debt outstanding with $13,700 of aggregate interest accumulated, which also converts as well in the qualifying round. . And let’s assume that the debt has a 20% conversion discount.