Funding & Exits

Cash is fuel.

Entrepreneurship is woven into the fabric of America. 30 million small businesses operate in the US.¹ Each year, about 800,000 startups…

An investor must consider two key factors when assessing an investment: opportunity and traction. Opportunity points to the company’s…

For the fundable entrepreneur and company, there is an investor at every company stage. If you are the CEO, when it comes time to…

For investors, most days are filled with stories. The majority of these stories fall flat or are wildly implausible. Many are interesting…

From company inception until at least Minimum Viable Traction, there’s only one right way to fundraise. The moment you close a funding…

At every investment stage, management and investors seek to appropriately balance risk and reward. This balance plays out in both the…

Some terms are more important than others. Here, we look at the most important ones.

Six steps take you from term sheet preparation to a closed financing. They are:

The journey of company building is marked by value inflection points. As you progress from Minimum Viable Category to Initial Product…

Once you have passed Minimum Viable Product and are closing in on Minimum Viable Repeatability, you enter the realm of early-stage VC…

Your commercial banking relationship is important to your financial health. Any business bank provides critical financial infrastructure…

Some use “venture debt” to describe any loan provided to a venture backed startup — whether it be the seed stage convertible note, the…

At multiple points along the way in the building of your company, either opportunity or necessity will lead you to contemplate an exit. Is…

Over the past seven years, more than eighty percent of all exits have been via strategic acquisition. When your company exits, it’s most…

If your company has achieved at least $10M in recurring revenue with predictable future growth, low churn and proximity to cash flow…

While the value of public companies has grown from 105% of GDP in 1996 to 136% today, the number of these firms has been cut in half —…