Closing Conditions in Funding Rounds Explained
A signed term sheet feels like the finish line, but the money only arrives once every closing condition is met. Closing conditions are the to-do list both sides …
Format
Explainer
Inventory Write-Downs Explained
Some stock never sells at the price you planned. Seasons change, styles fade, packaging gets damaged and last year's model meets this year's discount. An …
Founder Liquidity in Growth Rounds Explained
After years of low salaries and personal risk, many founders reach a growth round and wonder whether they can finally take a little money off the table. That is …
Revenue Recognition Basics for Small Businesses
Getting paid and earning revenue are not always the same moment. A client pays a deposit in September for work you deliver in December. A customer buys an …
Chargebacks Explained for Small Businesses
A chargeback can turn a finished sale into lost money, a lost product and an extra fee, all from one email you did not expect. The good news is that most …
Days Payable Outstanding Explained
Days payable outstanding, or DPO, tells you how long your business takes, on average, to pay its suppliers. It sounds like a number only accountants care about, …
Voting Agreements Explained for Founders
The voting agreement is the quiet document in a priced round that decides who sits on your board and whether shareholders can be required to approve a sale. It …