Discover insights on what’s ahead for the venture tech market in the UK and Europe with our Deal Flow 5.0 Conversation Series.
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Discover insights on what’s ahead for the venture tech market in the UK and Europe with our Deal Flow 5.0 Conversation Series.
Orrick’s Albert Vanderlaan shared tips for companies in a recent First Citizens Bank blog.
Learn more about AI breakthroughs, exit trends and venture debt activity.
Bloomberg Daybreak sat down with Orrick’s Jamie Moore to discuss insights from the firm’s leading role last year in the $52B European venture market.
Ramy Shweiky and Mark Seneca break down the term and its implications.
Venture capital can help nuclear startups scale, but financing structures and funding rounds may represent new territory for some founders.
Merama has secured $215 million in new financing, raising $45 million in a funding round and securing a $170 million revolving credit line.
How will disruptive technology influence the tech capital markets? Is the death spiral a myth? The latest issue of The Download takes on these questions and more.
Properly drafted convertible notes should have provisions for the treatment of the note if a change of control happens while the convertible note remains outstanding. Some notes require payment of principal and interest in cash but may also include
The interest rate on convertible notes is decided considering the market (often in the range of 2%-12%) as well as the relative risk that the investor is taking on. It should always be greater than the applicable federal rate and smaller than the
For emerging technology companies, gaining access to financial resources is a key challenge. Traditional bank loans are often unavailable, and the financial means of the founders are usually limited. An equity financing by institutional venture
Venture debt is a source of alternative growth capital for UK companies, particularly in the early and high growth space. Traditional bank loans are often unavailable to lend to what are seen as "risky" businesses. An equity financing by
Unless there are contractual prohibitions in existing notes or SAFEs (or in the governing documents of the company), a company can hold multiple closings in a convertible note or SAFE financing.
Convertible notes, SAFEs and Preferred Stock are all different securities that a company can sell to investors to raise money. What type of security you sell will depend on the stage of your company and what securities your investors are interested
Getting a loan from a traditional bank (not venture debt) is one way to finance a new venture. Many small businesses take out a loan from a traditional bank, but not many venture-backed startups do so. The cons of receiving a traditional loan
A Valuation Cap can be used to determine the price per share at which a convertible note or SAFE will convert into equity of the Company. In the case where a convertible instrument uses a valuation cap, the instrument will convert at a price per
A warrant is a security which gives the holder the right to purchase the specified number of shares of stock in a company for a specified price for a set amount of time.
A Security Interest is a contractual arrangement whereby if a borrower defaults on a loan, the debtor has the right to seize certain assets of the debtor--the collateral--and sell them to create the liquidity necessary to repay the debt.
A Change of Control Premium is an amount paid to holders of debt or debt-like securities of a company upon a change of control of the company on top of what the securityholder would have received had no change of control taken place.
Debt is an obligation to return borrowed money.