Monthly Archives: June 2011

Who do Directors Represent?

In companies with venture capital financing, the venture investors usually have a right to designate one or more directors.  Indeed it is not uncommon, when companies have gone through multiple rounds of venture financing, to see boards where a majority … Continue reading

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Valuation of the Company vs. Valuation of the Stock: A VC Paradox

One of the first things entrepreneurs learn about venture capital speak is the significance and difference between pre-money valuation and post-money valuation.  These are the terms that VCs use when talking about how much a company is worth before and … Continue reading

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