SAFE Financing – Easy Instructions for Use
The SAFE (Simple Agreement for Future Equity) investment structure was a great innovation in financing structures by the Silicon Valley-based Y Combinator team. It has…
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Anatomy of a Venture Financing
Whether you’re a first-time founder or a serial entrepreneur, the process of obtaining venture funding can be complicated and confusing. Let’s look at the process…
What is Venture Capital and Why Does It Matter?
The moniker “venture capital” is believed to have originated from the financier John Hay Whitney. Having served in World War 2, Whitney returned to the…
What is Liquidation Preference?
In a venture capital deal, a liquidation preference refers to the payout investors receive in a liquidation event (like a sale or merger) prior to any payments made to the common stockholders.
What is a Management Rights Letter?
Here’s a situation we see often when a company is negotiating a Series A financing. They’ve gotten through diligence, completed the lengthy and difficult process…
