It might be surprising to the avid investor, that the start-up to be invested in is not always that much (part) of a deal. Sometimes, the interests are more. Understanding the network effect of deal making A good investor with a track record of success will acknowledge the simple laws […]
Below is a dude that wrote a thesis on reps and warranties. Let us all prevent this. Re-Visiting Robert Bruner’s Applied Mergers & Acquisitions on the last weekends. The part on due diligence made me think again about how soft and easy things work in the early stage VC world. Certaintly, […]
The differences between rounds, series, stages, classes. Legal terms of start-up equity fundraising explained in detail
We touched upon it before, but now it becomes a bit more tricky. We talk about the schizophrenic position between founders, CxO and shareholder positions. Who Negotiates? You as founders and your management team finalized your business plan and provided all necessary documents to the investor in your role as […]
Negotiating a funding round is difficult and you can easily lose the entire thing if you don’t know what you are doing. Rumor has it that you should get a good lawyer to help you. But truth is, no lawyer can do the negotiation part for you. So let’s get […]
I have been sitting on the buyside for a while – quant/risk driven 600bn+ AUM asset management and activist PE/VC 1bn AUM – and scrutinized companies inside out on their financials, business acumen, technology stack, go-to-market strategy and all that Jazz. Now I am sitting on the other side of […]
A short story from a discussion with a founder that I had who wanted to raise money for an ICO.