Private Equity

Private equity can be confusing, but it doesn’t have to be. Learn the basics of the private equity industry in this article.

Foreign Listings on U.S. Exchanges

Lots of companies, including foreign companies, list on U.S. stock exchanges. Check out this article to find out why.

Reverse Mergers

Reverse mergers are a way to go public without going through an IPO. If you’re unfamiliar with reverse merger, SPACs, or seasoning requirements, this is the article for you.

Term Sheet Provisions (Part II)

Term sheets are complex documents full of legal jargon. Learn about some of the lesser-known provisions within a term sheet while gathering helpful negotiating tips.

Startup Debt Covenants

Negotiating debt covenants is often part of getting a bank loan. This article describes different types of debt covenants and their impacts on your business.

Term Sheet Provisions (Part I)

Term sheets are complex documents full of legal jargon. Learn about some of the most important provisions within a term sheet while gathering helpful negotiating tips.

Valuation Caps and Conversion Discounts

Delve into the mechanics of how investors structure convertible debt arrangements with valuation caps and conversion discounts to protect the value of their investments.

Anti-dilution Provisions

Investors often receive anti-dilution provisions in funding arrangements. Learn more about these provisions and how they can affect the ownership structure of your startup.

Accounting for Stock Compensation

This article moves beyond the basics of stock compensation (including stock options) and touches on the accounting complexities associated with stock compensation awards.

Liquidation Preferences

Learn about the mechanics of liquidation preference calculations and how these provisions can influence the amount that shareholders receive during an exit.

The Black-Scholes Model

What is the Black-Scholes Model (BSM), how is it developed, and how does it compare to lattice models? The answers can be found in this article.

Valuation Considerations—Earnings Quality and Accruals

Earnings quality refers to the quality and reliability of your financial statements. Learn how investors will analyze your earnings quality during the valuation process.

Stock Options 101 (for Employees)

This article provides an easy-to-understand overview of how stock options work and why startups use them.

Convertible Preferred Stock and Convertible Debt

Startups typically raise capital by issuing convertible preferred stock or convertible debt. Find answers to frequently asked questions about these financing arrangements.

Private Placements: Reg D Offerings

Fewer regulations and more flexibility—a private placement may be a good source of funding for your company's next big project.