Lighter Capital

AUGUST 10, 2023

You can have a great product, a solid customer base, and all the right metrics — yet still run out of money if you don’t manage it well. There’s no getting around it: Startups have to spend money to make money. At times you’ll hit the accelerator and spend money to make big strategic moves quickly. Tout your expertise.

Start-ups 93

Start-ups Finance EBITDA Debt Financing 93

Musings on Markets

JANUARY 11, 2024

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

Brian DeChesare

APRIL 20, 2022

When someone says they “didn’t get any internship offers,” typically they mean: They were recruiting for investment banking internships after their 3 rd year of university or their 1 st year of an MBA program. Step 1: Are You Sure About “No Investment Banking Summer Internship Offers”? in the U.S.

Banking 115

Banking Corporate Finance Finance Start-ups 115

Viking Mergers

MARCH 1, 2023

Everyone has heard the saying, “the best defense is a good offense.” You’ve spent years, maybe decades, building and growing your business; it only makes sense to recoup your investment of hard work by obtaining a fair sales price and seamless sale. Invest more time toward prospecting new clients. Upsell to smaller clients.

Banking 130

Banking Finance Marketability 130

Musings on Markets

JANUARY 28, 2024

In this post, I look at risk, a central theme in finance and investing, but one that is surprisingly misunderstood and misconstrued. Risk Measures There is almost no conversation or discussion that you can have about business or investing, where risk is not a part of that discussion. What is risk?

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Brian DeChesare

SEPTEMBER 13, 2023

Distressed investing offers equity-like returns with lower risk.” Distressed debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits. Distressed investing relates specifically to Debt and how much a company’s Debt and Equity “should” be worth when various scenarios play out.

Equity 83

Equity Banking EBITDA Start-ups 83

Benzinga

OCTOBER 23, 2022

AGTC's Board has examined all alternative options for the future of AGTC and believes this transaction clearly delivers the best value for shareholders. Our board and leadership team evaluated all alternative options to progress AGTC-501. Total consideration of up to $1.07, including up to $0.73

Technology 40

Technology Equity Marketability 40

Lighter Capital

SEPTEMBER 9, 2023

What’s the alternative? Terms and rates How to get the best RBF terms Is revenue-based financing a good fit for your startup? The revenue-based financing model gives startups an upfront injection of capital to invest in the business and repay at a later date, with interest, much like a traditional term loan.

Finance 96

Finance Equity Start-ups Marketability 96

Brian DeChesare

MAY 11, 2022

There are few topics as heated as age and investment banking. If you are older than these age ranges and still want to win a traditional investment banking role, you should start by asking yourself, “Why?” If the answer is “to make more money” or “to do something more exciting,” there are more feasible ways to achieve these goals.

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Brian DeChesare

JANUARY 3, 2024

But my real estate investment funds were down ~10% , which hurt. I made a few angel investments in the mid-2010s that had successful exits in later years (10x+ multiples). Finally, we ran several promotions and price increase sales on BIWS in 2017 – 2021, giving me more cash to invest, which helped when the market was frothy.

Marketability 59

Marketability Start-ups Equity Dividends 59

Sun Acquisitions

NOVEMBER 7, 2022

Alternatively, you can pay an agreed-upon sum – a maximum payable amount – to complete the closing. This escrow fund is controlled by the SBA lender and they’ll have direct access to the money during the processing of your loan forgiveness. Let’s help you get the best returns on your investment.

Business Valuation 98

Business Valuation 98

Reynolds Holding

FEBRUARY 14, 2024

3] Individuals currently have almost limitless alternatives in every category of securities. No investment is completely unique, with substitutes providing identical combinations of risk and reward. Given this variety, an investor is not required to put “eternal trust” [4] in any financial instrument or any corporation. 55-59, 56. [10]

Marketability 69

Marketability Finance Equity 69

Lighter Capital

JULY 20, 2023

RELATED: Startup Funding: When to Bootstrap vs. Raise Equity Raising equity may seem like the ultimate vote of confidence for a growing startup and the best path to a successful exit, but there are also many debt financing advantages for startups. It’s best to start with the basics. Every startup funding source has its pros and cons.

Debt Financing 52

Debt Financing Finance Equity Equity Financing 52

Brian DeChesare

OCTOBER 12, 2022

Partners and MDs who have better economics but may not like other aspects of the firm, such as the Founders or senior Partners, the office politics, the industry focus or investment strategy, the LP relationships, etc. MD-level bankers who might have some investing experience (e.g., Talent at investing, execution, AND sales.

Private Equity Firm 59

Private Equity Firm Equity Start-ups EBITDA 59

Reynolds Holding

JULY 27, 2022

Thank you, Paulita and Rajib, for your gracious invitation and kind welcome to this year’s program on current issues and trends in Investment Management. [1] To begin with investor protection, which is a core function of the Division of Investment Management, what matters to investors most is protecting and growing their treasure.

Banking 45

Banking Marketability Finance Corporate Finance 45

IBG Business

FEBRUARY 6, 2024

Staying in front of these in preparing, mitigating, and negotiating these is vital to preserving your best value. Alternatively, if the lease rate is increased in a transfer, this may reduce the post-sale profitability to the buyer and a deal price concession may be in order. Holdbacks are common elements of a business sale.

Finance 52

Finance Start-ups Banking Marketability 52

Reynolds Holding

DECEMBER 17, 2023

Instead, Congress included a long list of 30-plus items in the definition of a security, including the term “investment contract.” Howey Co. , [2] an investment contract exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.

Marketability 45

Marketability Compliance Technology Finance 45

Brian DeChesare

NOVEMBER 2, 2022

In addition to Prime Ministers that serve for only 44 days and questionable weather/food, the United Kingdom is also known as a global hub for investment banking. Many would argue that investment banking in London is second only to New York in terms of compensation, exit opportunities, deal flow, and “prestige.”. and Europe.

Banking 75

Banking Start-ups Finance Equity 75

Reynolds Holding

APRIL 4, 2022

Some have asked if the current exemptions for so-called alternative trading systems (ATSs) could be generally available to crypto platforms. Second, crypto platforms currently list both crypto commodity tokens and crypto security tokens, including crypto tokens that are investment contracts and/or notes.

Marketability 65

Marketability Banking Start-ups Compliance 65

Reynolds Holding

NOVEMBER 28, 2022

They argue that individuals and institutions would feel confident investing in crypto coins in a familiar, regulated environment. To avoid financial contagion and unnecessary risks to the traditional financial system, the best course of action is twofold. The answer is simple.

Finance 145

Finance Banking Marketability Treasury 145

Musings on Markets

JANUARY 5, 2024

In pursuit of an answer to that question, I used company-specific data from Value Line, one of the earliest entrants into the investment data business, to compute an industry average. Return on (invested) capital 2. Excess Returns on investments 4. Dividends and Potential Dividends (FCFE) 1. Buybacks 2. Equity Risk Premiums 2.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Cooley M&A

JANUARY 23, 2024

Big pharma dominated life sciences M&A, with more than two-thirds (69%) of M&A investment coming from big pharma, compared to just 38% in 2022. from 2022 to 2023 – which may be attributable to buyers becoming more selective in the types of assets in which they invest and preferring to acquire a company and gain full control.

Marketability 52

Marketability Equity Private Equity Firm Finance 52

Gergory Caruso

APRIL 12, 2022

Have reasonable invested equity. Have already accessed alternative financial resources, such as personal assets. The SBA provides small business owners the Lender Match Platform, which helps business owners choose the best lender to fit their needs. . Operate for profit in the U.S. or its territories. government.

Business Valuation 52

Business Valuation Finance Equity Appraisal 52

Gergory Caruso

APRIL 12, 2022

Have reasonable invested equity. Have already accessed alternative financial resources, such as personal assets. The SBA provides small business owners the Lender Match Platform, which helps business owners choose the best lender to fit their needs. . Operate for profit in the U.S. or its territories. government.

Business Valuation 52

Business Valuation Finance Equity Appraisal 52

Reynolds Holding

APRIL 23, 2023

1] In his 11th term 20 years later, in the wake of the market crash of 1929, he was successful in getting a bill through to bring full, fair, and truthful issuer disclosures to the investing public. Rayburn later had an important hand as Majority Leader in the passage of the Investment Company Act and Investment Advisers Act of 1940.

Treasury 45

Treasury Marketability Finance Technology 45

Reynolds Holding

AUGUST 6, 2023

On July 12, 2023, the Securities and Exchange Commission (the “SEC”) voted 3 to 2 (Commissioners Peirce and Uyeda dissenting) to adopt certain amendments to rules and forms under the Investment Company Act of 1940 (the “Investment Company Act”) intended to improve the resilience and transparency of money market funds (“MMFs”).

Marketability 40

Marketability Compliance Treasury Banking 40

Lighter Capital

SEPTEMBER 9, 2023

What’s the alternative? Terms and rates How to get the best RBF terms Is revenue-based financing a good fit for your startup? The revenue-based financing model gives startups an upfront injection of capital to invest in the business and repay at a later date, with interest, much like a traditional term loan. Example: 2.

Finance 52

Finance Equity Start-ups Marketability 52

Equidam

NOVEMBER 21, 2022

best practices for financial projections. So the decision is made to go looking for funding, and starting an investment round. Alternatively, you get approached by an investor following a demo day or pitch contest, and the investor is excited about the company and makes you an offer. solidifying your valuation.

Start-ups 57

Start-ups Marketability Alpha Finance 57

Brian DeChesare

MAY 24, 2023

Part of the issue is that many different strategies fall within the “event-driven” category: merger arbitrage , activist investing , distressed investing, special situations, and more. You could even say that a long-only fund that invests in undervalued companies based on their earnings announcements is “event-driven.”

Equity 64

Equity Start-ups EBITDA Banking 64

Peak Business Valuation

JANUARY 17, 2024

Moving forward, healthy growth is likely to continue as consumers seek fun alternatives to traveling. As such, valuation experts will determine which method is best as part of the valuation process. This indicates the return on investment (ROI) an RV dealership can generate.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal EBITDA 52

Musings on Markets

OCTOBER 25, 2022

This correction has been no exception, as the threat of losing investment capital has focused the minds of investors, and led many to reexamine practices adopted during the last decade. What is Free cash flow (FCF)? I believe that any measurement of free cash flow has to begin with a definition of to whom those cash flows accrue.

Dividends 92

Dividends EBITDA Equity Start-ups 92

Reynolds Holding

SEPTEMBER 12, 2023

At this remarkable agency, we serve investors building for a better future and issuers raising money to fund innovation, while overseeing the $100 trillion capital markets where they meet. Equity Markets With some 68 million American households investing in the equity markets , [9] these markets are critical to issuers and investors alike.

Banking 40

Banking Treasury Marketability Equity 40

Musings on Markets

DECEMBER 15, 2021

For much of the last two years, rather than teach my classes in a classroom, I taught my classes from my home office, making a few low-cost, low-tech investments to improve my set up. I have always described myself as a teacher , first and foremost, but like many of you, COVID has been a disruptor.

Corporate Finance 56

Corporate Finance Finance Start-ups Technology 56

Sun Acquisitions

OCTOBER 25, 2022

Selling your business to key employees provides you with an alternative exit plan. It’s worth noting that this type of deal structure works best when the business valuation is at least $5 million. As the seller, you initiate tax-deferred contributions that are invested only into the business’ stock. Leveraged management buyout.

Private Equity Firm 52

Private Equity Firm Finance Debt Financing Business Valuation 52

ThomsonReuters

AUGUST 24, 2021

Greater efficiency, more accuracy, and better analytical capabilities are all wonderful talking points, but they don’t support an investment for sales tax software. In other words, don’t tell your CEO why tax software is a wise investment – show them. Specifically, you need to show the technology’s return on investment (ROI).

Technology 52

Technology Compliance 52

Musings on Markets

NOVEMBER 9, 2021

If you review those valuations, you will notice that in each valuation, my story for the company expanded, and my valuations increased, but the market price for the company jumped even more, leading me to conclude in each of them that it was not a company that I would invest in.

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

Musings on Markets

JUNE 9, 2021

The company files a prospectus, providing prospective investors with information about its business model and financials, and hires an investment banker or bankers to manage the issuance process. For decades, the process that companies in the United States have used to go public has followed a familiar script.

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52