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Episode #90, Down rounds & pay-to-pay provisions, raising at a lower valuation
Episode #90, Down rounds & pay-to-pay provisions, raising at a lower valuation on Fireside with a VC
Ben Kern, Partner at Winston & Strawn LLP, corporate securities veteran, discusses the details of how startups raise funding in down rounds at lower valuations than the last funding round as well as more punitive financings that cram down or wipe out existing investors that do not Pay-to-Play wiring capital into the
new financing. We discuss the different tools in the tool kit of how these financings are legally structured and what it means to all parties and how to sail through these very choppy waters.
Find the full episode on YouTube: https://youtu.be/0RqBNqLGckQ.
Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC
https://www.linkedin.com/in/benjamindkern/
https://www.7bc.vc/
https://www.linkedin.com/in/romans/
Join the conversation, leave comments, and tell us what you think about these topics and this episode.
Join us in person for the next 7BC San Francisco VC Insight Panel & networking reception November 14th .
https://7BCinSF.eventbrite.com
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By Andrew Romans
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44 ratings
Episode #90, Down rounds & pay-to-pay provisions, raising at a lower valuation on Fireside with a VC
Ben Kern, Partner at Winston & Strawn LLP, corporate securities veteran, discusses the details of how startups raise funding in down rounds at lower valuations than the last funding round as well as more punitive financings that cram down or wipe out existing investors that do not Pay-to-Play wiring capital into the
new financing. We discuss the different tools in the tool kit of how these financings are legally structured and what it means to all parties and how to sail through these very choppy waters.
Find the full episode on YouTube: https://youtu.be/0RqBNqLGckQ.
Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC
https://www.linkedin.com/in/benjamindkern/
https://www.7bc.vc/
https://www.linkedin.com/in/romans/
Join the conversation, leave comments, and tell us what you think about these topics and this episode.
Join us in person for the next 7BC San Francisco VC Insight Panel & networking reception November 14th .
https://7BCinSF.eventbrite.com