Ed Sim has today’s great VC post titled Don’t forget to look at venture debt when raising a new round. Venture debt is a useful part of the capital structure of any VC-backed company and is suddenly trendy again. Ed writes eloquently about the advantages and pitfalls.
Last week I attended a dinner put on by Ed Zimmerman and the fine folks at Lowenstein Sandler. Ed has been an active participant in the NVCA model documents initiative and I’ve gotten to know him through the years as someone who is passionate about what he does, which among other things, is law and […]
Q: You’ve spoken at length about vesting for founders and key employees in your term sheet series. I was interested on your take concerning pre-existing employment contracts in which vesting terms and stock ownership has already been agreed upon by the Corporation and Employees including founders? A: (Jason). What VCs really want is to make […]
David Shanberg – a colleague of mine from PeoplePC (David was VP Corporate Development) – started an M&A / corp dev consultancy called Baker Pacific. He also writes a good blog on M&A and corp dev stuff. He recently sent me a short article on M&A Due Diligence which I’ve broken up into a four part […]
One question that we’ve gotten fairly frequently is whether or not an entrepreneur should take money from unaccredited investors. It’s tempting – you have friends and family that want to help you out, in many cases don’t want debt and want a piece of the action. Brad and I aren’t your lawyers. If you take […]
Q: My question relates to control premium with reference to VC investment in private companies. I would like to know whether when a VC invests in a private company does the investment includes any element of control premium. Also what are the factors based on which one can judge whether a deal in such case […]
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