SPAC Explained: What is a Special Purpose Acquisition Company?
Learn how Special Purpose Acquisition Companies (SPAC) are gaining interest as an alternative to the traditional IPO process.
Bill Clark
Topic
For Investors
Evaluating Deals Outside Your Expertise
It’s difficult to be an expert in everything. Therefore, private market investors may come across investment opportunities that are outside their expertise or industry knowledge, especially…
Bill Clark
Assessing Startup Market Size: TAM, SAM, and SOM
What Are TAM, SAM, and SOM? Metrics commonly referenced by early-stage startups include Total Addressable Market (TAM), Serviceable Addressable Market (SAM), and Serviceable Obtainable Market (SOM).…
Bill Clark
Funding Rounds for Startups: What You Need to Know
Learn More About the Process of Startup Funding Rounds Startups go through a series of funding rounds to secure the funding they need to get their…
Bill Clark
Understanding Tender Offers
A Tender Offer Can Provide Early Investors with a Key Avenue to Liquidity Private market investments are inherently illiquid, and early-employees and investors should be prepared…
Bill Clark
MicroVentures’ Portfolio Company: OpenAI’s History and Milestones
OpenAI is an artificial intelligence (AI) company most commonly known for its AI chatbot, ChatGPT, and other products such as DALL-E and Sora. Founded with the…
Bill Clark
Understanding Valuation Caps
With convertible notes as a common way for startups to raise capital, investors should understand valuation caps, a mechanism designed to help early investors by setting…
Bill Clark
Calculating a Startup’s True Runway
Understanding how long startup capital can sustain operations before the startup needs to secure additional funding is an important metric for investors to understand. While there…
Bill Clark
Subsequent Funding Rounds: Follow On Investments
Learn More About Follow On Investment in Subsequent Funding Rounds Follow on investments are most commonly associated with institutional investments from venture capital or private equity…
Bill Clark
Education