Disqus - Latest Comments for spyflo

Re: Blog για την οικονομία

spyros — Wed, 20 Jan 2010 12:05:04 -0000

ωραία προσπάθεια. μακάρι πάντως να δημιουργηθεί και μια τετοια twitter λίστα. οι περισσότεροι όμως έλληνες που βρήκα είναι στα όρια των spammers.

spyros from http://www.epipantos.com

ps το τελευταίο μου post μαλλον θα σε ενδιαφέρει (να βάλω και εγω το spam μου :) )

Re: On Ideas and their Value

spyros — Mon, 10 Aug 2009 12:50:12 -0000

t=time, v=value

v = if(t=0, 0, x*g*h*e*a*z*v*b*t)

Re: VC 101 – Getting to Know

spyros — Tue, 28 Jul 2009 13:28:51 -0000

dont be afraid of the anti-dilution term but use it in wise. do not expect someone to value a company for 1bn, when you value it for 100k. none can cancel the anti dilution mechanism apart from the (majority of) preferred shareholders.

this mechanism is very common and dont forget that it can be used as a sweetener to a potential investor (just issue new series of preferred shares or sell some/ all of the existing ones). in any case you can convert your preferred shares to common at any time (after a very hefty share capital increase.)

Re: VC 101 – Getting to Know

spyros — Sat, 25 Jul 2009 13:55:16 -0000

with regards to the antidilution mechanism just a small correction. it can be used to secure both the value OR the stake of the investor. in other words it can be used to secure that the VC's investment will value at least $X OR to represent at least Z% of the company.

drag/ tag along provisions are not (usually) perpetual. in that case those provisions are similar to the "first refusal" provision.

i was not aware of the dividend provision. it actually seems quite awkward to have an "unconditional" dividend provision for an equity investment (esp in the case of start ups that by definition have no/ minimal revenues)

...i told you so, the legal part of Open Fund will be a pain in the a$$