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
Tag
valuation cap
Early-Stage Investing: SAFEs Explained
SAFEs (Simple Agreements for Future Equity) have emerged as one financial instrument startups may choose to utilize when raising capital. Initially developed by Y Combinator in…
Bill Clark
Common, Preferred, & Convertible: Financial Instruments Explained
When evaluating startup opportunities in the private market, it’s easy to focus solely on product innovation or founder charisma. However, a company's use of financial instruments…
Bill Clark
Education