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The real checklist: credible growth story + operating leverage + accurate forecasting
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Choosing the right funding structure can have a meaningful impact on the trajectory of your company, its ability to scale, and your bottom line.
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Raising debt is an important financial tool for startups, especially as more and more companies become fintech companies. Learn how it works.
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The pressure the cloud puts on margins can start to outweigh the benefits you scale and growth slows. Understand how much market cap is being suppressed by the cloud to help inform the decision-making framework on managing infrastructure as companies scale.
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How we can improve the overall state of the IPO markets, economic growth, and retail access to capital.
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When tech investors talk about valuation as "multiples" on revenue, what does that really mean? We demystify the role of entry multiples and share the two factors that matter most in tech growth investing.
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Another route to the public markets is the direct listing, recently reinvented for tech companies (with Spotify and Slack so far). This episode of the a16z Podcast brings together two experts from the frontlines -- the architect of the direct listings in their current form, the CFO of Spotify; and president of the NYSE, where they were listed -- in conversation with Sonal Chokshi to share more about the what, the how, and the why from an insider perspective. What does it, did it take?
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How to raise a convertible note and structure economic and corporate governance terms, liquidation preferences, and independent board members.
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Venture capital marks are highly variable based on different valuation methods. These are the main "mark" valuation methods used by venture firms.
Capital & Fundraising
The goal of any startup is to get to either cash flow positive or the next fundraise. Our tips for managing and raising capital as a late-stage company, including debt structures, valuations, and going public.
Featured
What counts as "cash," developing a plan for that cash, building an adaptable operating model, and dealing with a liquidity crisis.
How to raise a convertible note and structure economic and corporate governance terms, liquidation preferences, and independent board members.
The terms used in structured deals, how investors think of and use those terms, and the impacts, especially on equity dilution, to consider.
Everything you need to know about 409A valuations, including how they’re calculated, when to reevaluate, and the common myths and pitfalls.
1) reevaluate your valuation 2) understand your burn multiple 3) build scenario plans to grow back into your valuation.
The advantages, drawbacks, and practical advice for IPOs, direct listings, and SPAC mergers.
All Capital & Fundraising Content
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Another route to the public markets is the direct listing, recently reinvented for tech companies (with Spotify and Slack so far). This episode of the a16z Podcast brings together two experts from the frontlines -- the architect of the direct listings in their current form, the CFO of Spotify; and president of the NYSE, where they were listed -- in conversation with Sonal Chokshi to share more about the what, the how, and the why from an insider perspective. What does it, did it take?
-
How to raise a convertible note and structure economic and corporate governance terms, liquidation preferences, and independent board members.
-
While many entrepreneurs want a massive valuation, there are terms that come along with that number.
-
The real checklist: credible growth story + operating leverage + accurate forecasting
-
Choosing the right funding structure can have a meaningful impact on the trajectory of your company, its ability to scale, and your bottom line.
-
Raising debt is an important financial tool for startups, especially as more and more companies become fintech companies. Learn how it works.
-
The pressure the cloud puts on margins can start to outweigh the benefits you scale and growth slows. Understand how much market cap is being suppressed by the cloud to help inform the decision-making framework on managing infrastructure as companies scale.
-
How we can improve the overall state of the IPO markets, economic growth, and retail access to capital.
-
When tech investors talk about valuation as "multiples" on revenue, what does that really mean? We demystify the role of entry multiples and share the two factors that matter most in tech growth investing.
-
Venture capital marks are highly variable based on different valuation methods. These are the main "mark" valuation methods used by venture firms.
-
Whenever you're raising capital, think about constructing the round in such a way that you're strongly positioned for the future.