Finance
29 posts
A Guide to Venture Capital Deals
A comprehensive guide to how VC deals actually work, covering deal terms, valuations, financing structures, market data, fund operations, and LP/GP dynamics.
Liquidation Preferences: A Complete Breakdown
How liquidation preferences work in venture deals, including standard and atypical structures, participating vs non-participating preferences, pay-to-play, redemption rights, and recent trends.
Protective Provisions in Venture Deals
How protective provisions work in venture financing, from the standard veto rights in the NVCA model documents to how they accumulate across rounds and what founders should negotiate.
The Complete Guide to QSBS for Venture Investors
Everything venture investors need to know about Qualified Small Business Stock, from the basics of Section 1202 to trust stacking, common mistakes, and edge cases.
Valuation Standards and Regulations in Venture Capital
Understanding 409A, ASC 820, and SEC Rule 2a-5, the key valuation standards and regulations that govern how venture-backed companies and funds determine fair value.
How Startups Actually Get Valued
What drives startup valuations at each stage, from the factors investors weigh to what Series A data actually reveals about pricing dynamics.
How Venture Valuations Move Through Market Cycles
A data-driven look at up rounds, down rounds, extensions, and bridges, and what valuation patterns reveal about venture market cycles.
Valuation Methods for Venture Portfolios
A practical guide to how venture investments get valued, covering market, income, and asset approaches, fair value standards, secondary transactions, and why your last PMV isn't enough.
DPI, RVPI, TVPI, and IRR: Key Metrics for Evaluating VC Fund Performance
A practical explainer on the key metrics used to evaluate venture capital fund performance, including DPI, RVPI, TVPI, and IRR, with examples.
The Complete Guide to Convertible Instruments in Venture
Everything you need to know about convertible notes, SAFEs, and bridge rounds, from how they work to what happens when they stay unconverted too long.