Both Sides of the Table
JULY 22, 2010
Things like “ participating preferred stock &# in legalese unsurprisingly never actually call out, “hey, this is the participating preferred language.&# We got a3x participating liquidation preference with interest (not participating with a 3x cap, but 3x participating. 4 * $4 million) and not $4 million.
Both Sides of the Table
SEPTEMBER 5, 2012
Because convertible debt deals often have both a ‘full ratchet’ and often have ‘multiple liquidation preferences’ “ Yup. Convertible Notes Also Can Have Multiple Liquidation Preferences. Convertible notes often have multiple liquidation preferences. That’s right.
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SoCal CTO
JULY 13, 2010
liquidation preference. How to Proactively Protect Your Online Reputation - Startup Professionals Musings , June 12, 2010 These days, your online Internet reputation is your reputation. Yes, even bootstrappers. This pitcher has retired 5 of the last 7 batters. Your employees can’t also be your friends.
Both Sides of the Table
JANUARY 21, 2010
I’ve met several people from Cooley Godward who have stellar reputations in this category. You need to know how liquidations preferences work. They have a stellar reputation and know how to work with the earliest of starts with entrepreneurs. I already mentioned DLA Piper. You need to own your legal agreements.
Both Sides of the Table
APRIL 14, 2010
That means that the likely have a minimum of $15 million in liquidation preferences. It will usually be higher because the liquidation preference has a dividend so if the deal is long in the tooth assume that the liquidation preference might be $20-22 million. Reputation. So what happens?
Both Sides of the Table
MAY 30, 2015
When you do a convertible note with a cap that converts into the next round of funding one of the unintended consequences is that if you’re successful and raise at a larger price than your cap the early angels often get “multiple liquidation preferences” on their dollars in.
Growthink Blog
MAY 23, 2011
The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest. And they hire very aggressive securities attorneys to represent their interests. My suggestions for the investors seeking emerging companies to back?
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