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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Four myths of angel investing
Thanks to the Upstate Business Journal for letting me discuss some of the myths about angel investing this week. The best way to “bust…
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Executing Exits – feedback and thanks
Bill Payne’s Executing Exits workshop last Wednesday was a big success. Over 130 people – members and guests to this workshop – came to…
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Executing Exits – “our” exits
We are bringing this Executing Exits workshop to the Carolinas for the first time because exits are so integral to angel investing, and so…
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Executing Exits – who should come?
After the first post about exits, a few people asked who should attend the Executing Exits workshop next week. Essentially, everyone: Investors · An…
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Executing Exits – the key ingredients to successful company sales
Angel investors rely on “exits” – essentially someone buying the company in which they have invested (in a liquidation event) – to make money.…
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Back to basics: liquidation preferences pop quiz
Give you answers to the nearest whole dollar. Assumptions: I invested $500,000 to own 1/6th of a company. The company is sold after three…
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Back to basics: liquidation “participation”
What is “participation”? One last complication about liquidation preferences. A liquidation preference may, or may not, be “participating.” What does this mean? If the…
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Back to basics: what is a typical liquidation preference?
The next question is “how much preference” do preferred equity shareholders usually get? The basic answer is “a one x liquidation preference” – or…
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Back to basics: what is a liquidation event?
On the previous post, we said the “preference” is relevant at a “liquidation event.” What does that mean? A liquidation event covers various scenarios…
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Back to basics: what is preferred equity?
What is preferred equity? Angels invest in “convertible preferred equity” rounds. What does this mean? 1) Equity: equity simply means a share in the…
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Back to basics: what is a convertible note?
Back to basics series One of the beauties of angel groups is that they bring together people from all different backgrounds – business-people (from…
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VentureSouth announces its fall 2016 educational events calendar
We look forward to seeing you at some of the educational events coming this year. VentureSouth Announces Fall Education Events Greenville, S.C. – VentureSouth,…