Feld Thoughts

FEBRUARY 28, 2023

Conversion right: In Germany, there is generally no conversion right entitling the holder of preferred shares to convert them into common shares at any time. This may not seem like a big deal at first glance, but it has extensive implications under various aspects, such as the structure of the liquidation preference.

Germany 178

Germany Liquidation Preference Option Pool Advisory Board 178

Feld Thoughts

JUNE 10, 2022

I like the quote she pulled out of me in our conversation. But if you can do a clean financing at a lower price, I always think that’s a better option for everyone (founders, employees, and existing investors.). I don’t respond to many interview requests these days, but I’ll always talk to her.

Down Round 165

Down Round Ratchet Liquidation Preference Participating Preferred 165

Berkonomics

JANUARY 6, 2022

Email readers, continue here…] Take a situation where the VC investors finally see the chance of a return after ten years, with participating preferred and fifty percent of the ownership after several rounds. Here’s an example that will make your heart skip a beat.

Dividend 62

Dividend IRR Preferred Stock Participating Preferred 62

Berkonomics

OCTOBER 1, 2015

Take a situation where the VC investors finally see the chance of a return after ten years, with participating preferred and fifty percent of the ownership after several rounds. No-one complains if the sales price is ten times the investment, since there is plenty to go around.

Dividend 48

Dividend Preferred Stock IRR Participating Preferred 48

ConversionXL

JULY 12, 2017

By that, I mean the benefits go further than simply increasing your conversion rate by a few percentage points. And yes, an increased conversion rate. We know that most people aren’t satisfied with their conversion rates (if you’re satisfied, stop settling for mediocrity – you can always improve !). Read our guide here.

eCommerce 100

eCommerce Mobile Conversion Design 100

ConversionXL

JULY 12, 2017

By that, I mean the benefits go further than simply increasing your conversion rate by a few percentage points. And yes, an increased conversion rate. We know that most people aren’t satisfied with their conversion rates (if you’re satisfied, stop settling for mediocrity – you can always improve !). Read our guide here.

eCommerce 95

eCommerce Mobile Conversion Design 95