Conversion mechanics of convertible notes and phantoms - Key convertible note terms that no one understands and cost you big - Negotiation and terms, Free tools, Closing a deal - raise, invest

Key convertible note terms that no one understands and cost you big

Tl;dr: Understand convertible note terms like a pro! You can save half a million dollars of upside and significant downside by understanding how convertible notes are calculated at conversion. You can furthermore limit your downside by adding a few simple clauses to note agreements, these prevent convertible note holders getting excess liquidation preference rights, as well as bonus anti-dilution and …

CLTV/CAC

CLTV/CAC: Credit Suisse approach to SaaS Customer Unit Economics

CLTV/CAC calculations can be complex for SaaS startups! Do you know how to calculate them for you startup or how to calculate them for public traded SaaS companies so you can get comps for your fundraise? It’s always useful to have benchmarks to spar with VCs! Fortunately, Credit Suisse have written down their approach for your educational benefit. Have a …

buffer series a term sheet investment

Buffer Series-A term sheet and term review

Buffer, known for their ‘transparency’, released their Series-A term sheet. I thought it would be useful to share this so founders can see what a term sheet looks like and out of curiosity as to the terms Buffer got. The Deal Buffer raised $3.5m series-A round from 2 investors in October 2015. The investors were Marc Bell Ventures and Stage …