From emerging regulation to deal mechanics, we write about the questions founders and investors actually ask — practical analysis you can put to work.
Pre-seed funding is the initial round of financing that a startup raises to develop its idea, build a prototype, and prepare for further funding rounds. This funding typically comes from founders, friends, family, and early-stage investors.
Crowdfunding is a method of raising capital through the collective efforts of a large number of individuals, typically via online platforms. It allows entrepreneurs, artists, and nonprofits to secure funding from a broad audience, turning supporters and fans into investors.
A liquidation preference is a contractual right granting preferred stockholders priority over common stockholders in the distribution of proceeds upon a liquidity event — typically a sale of the company, merger, dissolution, or change-of-control transaction.
A joint venture (JV) is a strategic alliance where two or more parties, usually businesses, agree to collaborate by pooling their resources to achieve a specific task. This partnership involves sharing the risks and rewards that result from the enterprise.
A Board Observer holds a non-voting position that allows them to attend and observe board meetings, providing an opportunity for stakeholders, such as investors or partners, to monitor and understand board activities without direct involvement in decision-making.
A crypto exchange is a platform where customers can trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or different digital currencies.
A term sheet is a non-binding (with limited binding exceptions) summary of the principal commercial and legal terms on which an investor proposes to invest in a company.
A Non-Fungible Token (NFT) is a blockchain-based cryptographic token in which each unit is individually unique and not interchangeable with another — distinct from fungible tokens (Bitcoin, ETH, USDC) where each unit is identical and interchangeable.
Antitrust law refers to regulations that promote market competition by limiting monopolistic behavior, price-fixing, and anti-competitive mergers, ensuring fair markets for businesses and consumers.
A royalty is a payment made by one party (the licensee) to another (the licensor) for the ongoing use of an asset, typically intellectual property (IP).
