Vicinity Views
News, education and insights on investing in public offerings through the Vicinity platform and private early-stage offerings with VentureSouth.
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Transparency Builds Trust
Transparency. Our final core belief is “transparency builds trust”. Among private equity partners, this is often encapsulated in phrases like “no surprises” or “give…
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5 Reasons To Invest In Your Community
The first time I asked my wife out was at a coffee shop on a corner street. It was a significant moment for us,…
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The Wall Street – Main Street Disconnect
The Dow Jones surged over 20% between March 23 and March 26 with the financial markets betting on the imminent (and unprecedented) stimulus package.…
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Explaining the Form C
What is it? The Form C is the required SEC filing for any company looking to raise capital through Regulation CF. It needs to…
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Leading in Trust, Underdog in Finance
“Now I am going to read you a list of institutions in American society. Please tell me how much confidence you, yourself, have in…
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On Local Stimulus and You
Main Street is reeling and the pressure on small and medium-sized businesses (“SMBs”) is not going to let up anytime soon. One study has…
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Investing Through Reg CF
Just recently, over 95% of the population gained a new way to invest in the small and mid-sized businesses that make up over half…
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Exits: Taxes
So, finally! Our preferred shareholder has a distribution. Less than expected by the naïve optimists hearing the headline price, but still it’s nice to…
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Exits: The Last Complications
The pie is so close you can almost taste it. But wait a second! Escrow accounts In most transactions, the buyer will insist that…
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Exits: Dividing the Pie
As we’re close to the bottom of the waterfall, we are now including a third metaphor as we figure out how to “divide the…
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Exits: The First Evaporations
There are a few immediate claims on the water heading into the waterfall; some of these are fairly obvious, others are more complicated or…
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Exits: Waterfalls
Nothing happens in investing without flowery metaphors. When we discuss “exits” we are talking about getting our money back out of an investment. This…
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Exits: waterfalls, holdbacks, escrows, earnouts, and carry – some of the complexities of “an exit”
“Make Money. Have Fun. Do Good.” is the VentureSouth motto. This first part, Make Money, is (we believe) the key point of angel investing…
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Capped participating preferreds: the real impact 2: the grey zone
Following from the last post, there was a range of fairly attractive outcomes where the capped participation had an impact: let’s review the results…
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Capped participation preferreds: the real impact part 1
What does the capped participation preference mean in practice? Time for the promised spreadsheet: this sheet lays out the returns for preferred shareholders in…
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Capped participating preferreds: Are they unusual?
As we asked in the last post, are capped participating preferreds unusual? Well, it is option #3 in the term sheet – people generally…
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Capped participating preferreds: source infomation
Following on from the last post, before we unleash the spreadsheet, though, let’s cover where the idea of capped participating preferreds comes from. The…
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Capped participating preferreds: introduction
On a few VentureSouth investments this fall, we led the round (as we like to do) and agreed a term sheet that included a…
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Non-dilutive funding: wrap up
There are lots of other resources for exploring non-dilutive funding. While this is a bit outside of our remit at VentureSouth, we strongly encourage…