A VC
Over the past few months, I've heard countless VCs utter the words 'we need to own' followed by some number. Often it is 20pcnt, but it is frequently 30pcnt. I heard someone tell me about a VC yesterday who said they needed to own 44pcnt. I was tempted to ask them to give me the number to four digits.This behavior by VCs is (Read More)
: Surely " need to own " is just code for " I want this much of your company for this much money " and/or " I want this much before I feel secure in making an investment/ I am prepared to take the risk of investing in you ".
So, partly it's a negotiation in terms of how much you think that company is worth at that stage, how much you are looking to invest and how much you want for that money and partly it's about attempting to excercise some control.
If you are going to take small percentages in companies then your chances of controlling or even influencing them are remote.
Submitted by Jasongoldberg:
The New York Yankees reeled in another prime free agent, reaching a preliminary agreement Tuesday with first baseman Mark Teixeira for $180 million over eight years.A person familiar with the negotiations disclosed the agreement, which is subject to a physical. The person spoke on condition of anonymity because the deal was (Read More)
Submitted by Kitwindley
from Digg:
ESM Solutions investor Chris Windley is to give presentations in New York, Silicon Valley, Boston and Philadelphia during 2008 outlining his investment criteria and stock picking formulae post the dotcom crash.
In 2002, High Tech. investor, Chris Windley, picked out Pennsylvania based eschoolmall.com as a company that was (Read More)
Submitted by Kitwindley
from Digg:
Holywell pub The Glan Yr Afon Inn has themed its rooms around local famous people and places and taken it apon itself to raise the profile of the area and highlight its historical significance. . (Read More)
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Submitted by Kitwindley
from Digg:
This is a very interesting article given that it was written at the end of 2003 and we are now at the beginning of 2008. Eschoolmall has grown steadily and alongside subsiduary Mercury is now part of ESM Solutions. See also the Ecademy Online Procurement Solutions Club at http://www.ecademy.com/module.php?mod=club&c=4576. (Read More)
Submitted by Kitwindley
from Digg:
The Glan Yr Afon Inn, Holywell, North Wales is offering a number of prizes of “ A free pint every day for a year “ as part of it’s Father's Day Fortnight Beer Festival in June. (Read More)
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Submitted by Kitwindley
from Digg:
The Glan Yr Afon Inn, Flintshire, North Wales has recieved rave reviews from Sarah Batley at The Daily Post following her recent visit. This is not the first time The Glan has received excellent reviews but this is the most recent. The Glan has a Real Ale Festival on this week and the draw for " Free Beer for a Year " will (Read More)
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Submitted by Kitwindley
from Digg:
Wales is the pilot area for BT's 21st Century Network and the take up of broadband is higher than elsewhere in the U.K. (Read More)
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Submitted by Kitwindley
from Digg:
The Tall Ships are in Liverpool from the 18th to the 21st July and customers and staff at The Glan Yr Afon Inn will be hoping to see the parade of sail and the start of the race on the 21st July from the new Beer Garden. (Read More)
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Submitted by Kitwindley
from Digg:
Wiltshire County Council and The Highways Agency have decided that pubs are not allowed signs on the roads to tell people where they are because this might " incite drink driving ". What they fail to realise is that pubs sell non-alcholic drinks like coffee and soft drinks these days and that they provide the perfect place (Read More)