Berkonomics

DECEMBER 21, 2017

But this time, we concentrate upon governance changes. The combination of restrictive covenants in the investor documents and the new dynamic of board members with an agenda make for a change in the culture of the corporation, certainly one for the CEO. Let’s talk about the reality of taking money from professional investors.

Covenant 97

Covenant Cost Angel Groups Angel Investor 97

YoungUpstarts

SEPTEMBER 20, 2013

Government compliance. Many government agencies have requirements for small businesses. You would need sound legal advice from an attorney to ensure that you avoid nasty covenants in the lease. There are many forms of contracts that can be adapted to suit your needs. So is true when leasing the physical space for your business.

Small Business 207

Small Business Intellectual Property Covenant IP 207

Up and Running

APRIL 2, 2015

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. So your business has to have hard assets it can pledge to back up a business loan.

Balance Sheet 60

Balance Sheet SBA Covenant Technical Review 60

YoungUpstarts

MARCH 14, 2012

The Generally Accepted Accounting Principles, or GAAP, are the set of rules that govern financial accounting in businesses. A demonarchy is defined as a political system governed by a demon. EBITDA is often used in loans covenants. Bookkeepers use them, CPAs use them, and executives are familiar with them.

Non-disclosure Agreement 202

Non-disclosure Agreement NDA IPO Covenant 202

Pascal's View

DECEMBER 17, 2012

It is critical to know the state of the art in merger terms leading to an acquisition and in post-merger covenants, particularly with respect to the release of cash consideration held in escrow or as a holdback by the buyer.

Acquisition 38

Acquisition Merger Covenant Liquidity Event 38

YoungUpstarts

JUNE 19, 2018

They (not government) have to lead the way. Pensacola used a Covenant for the Community to guarantee that contractors would use local minorities in the revitalization of downtown. They’re partnering with government the right way. . Government is a wonderful partner and wants the same outcomes citizens do.

America 100

America Community Covenant Metrics 100

Berkonomics

AUGUST 21, 2013

Loan covenants are always required that clearly state how much net equity, the minimum current ratio, and other minimum financial requirements must be maintained to be compliant, and state the penalties for non-compliance – which are always severe, often threatening to call or cancel the loan in its entirety.

Covenant 61

Covenant Warrant Dilution Intellectual Property 61

Gust

OCTOBER 26, 2011

I have to admit my West Coast bias here, having learned the ropes at a large Silicon Valley firm ; it makes little sense to me to have investor’s counsel drafting documents that are woven into the fabric of a company’s governance and capital structure, with which the company will likely be living for years after the investment is made.

Finance 79

Finance Term Sheet Covenant Accredited Investor 79

This is going to be BIG.

AUGUST 28, 2011

Remember the covenant that the music industry used to have with the consumer? From now on, we’re going to be connecting right to direct sources ourselves—to government newsfeeds and to citizens broadcasting their own local experiences right from the scene—right to our TVs. Forget new business models for journalism.

Libya 150

Libya Syria Covenant New Jersey 150