From vcexperts.com: “Wash-Out Round: A financing round whereby previous investors, the founders, and management suffer significant dilution. Usually as a result of a washout round, the new investor gains majority ownership and control of the company. Also known as burn-out or cram-down rounds.” At the CDVCA conference in DC in March, a VC made the [...]
Archive for May, 2007
Workin’ on the Cramdown
Posted in Along the Way on May 28, 2007 | Leave a Comment »
A bit more hot air
Posted in Along the Way on May 22, 2007 | Leave a Comment »
A followup to my energy post on the long-term future of windfarms: My burning question about wind is: if climate change can impact the weather so much, and change the life-sustaining ocean conveyor belt, then can’t it affect wind patterns? so what’s the point of doing 1-3 years of wind studies to site a turbine [...]
Just Business
Posted in Along the Way on May 21, 2007 | Leave a Comment »
Yes, I’ve been non-posting, as an admirably prolific (and worth reading) friend prodded me today. Time to lower my standards and share some of the memes flying by. Today I told a friend the story – as I have heard it retold – of how Muhummad Yunus started Grameen Bank. I’ve just started reading his [...]
