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In other words, in the event of the startup’s “acquisition” (which is often broadly defined to include a merger, change of control or sale of substantially all its assets), the maturity date of the note would be accelerated, and the amount of the loan, plus interest, would become due at the closing of the acquisition. 2) Broker-Dealers.
This process is normally known as doing a “privateplacement&# and we agreed that in most cases you don’t want an i-bank involved in raising your first round of capital. Company plans to use money to expand inventory and distribution capabilities, and build more social features. TechCrunch. GroupSpaces. TechCrunch.
While they do this, take the opportunity to put together a digital product for sale and distribution through your website or blog. Distributing digital products is also very easy. It will be that much easier to execute the sale when the offer comes around. You can either create this yourself, or outsource the process.
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