Family Offices as Startup Investors
Family offices manage the wealth of a single family or a small group of families, and more of them now back startups directly. They can be patient, flexible …
Format
Explainer
Liquidation Preferences Explained With Examples
Liquidation preferences decide who gets paid first, and how much, when your company is sold or wound down. They rarely matter on the day you sign a term sheet, …
Cost of Goods Sold Explained for Small Businesses
If you sell physical products, one number tells you more about your pricing than almost any other: cost of goods sold, or COGS. It is the direct cost of the …
Start Up Loans and SBA Microloans Explained
Not every small business needs investors. Sometimes a modest loan is enough to buy equipment, stock a shop or get through the first few months. In the UK, the …
Open Source as a Startup Strategy
Giving your code away for free sounds like a strange way to build a company. Yet open source can help a startup win developer trust, spread quickly and build a …
Anti-Dilution Clauses Explained
Anti-dilution clauses protect investors if your company later sells shares at a lower price than they paid. They sit quietly in your documents until a down …
Owner's Equity Explained in Plain English
Owner's equity is the part of your business that is truly yours once every debt is paid. It sits at the bottom of your balance sheet, it quietly changes every …