Created by: kirb
Number of Blossarys: 2
A fund created to invest in private equity funds. Typically, individual investors and relatively small institutional investors participate in a fund-of-funds to minimize their portfolio management ...
The total number of shares of common stock outstanding. To calculate the common stock on a fully diluted basis, assume that in addition to all of a company's currently issued and outstanding common ...
A downward change in the conversion price (or exercise price) of a convertible security. For a full ratchet antidilution clause, the conversion price of the convertible security is reduced to the ...
Capital provided by the friends and family of founders of an early stage company. Founders should be careful not to create an ownership structure that may hinder the participation of professional ...
The operating cash flow available after operating expenses, taxes, reinvestment needs and changes in working capital, but before any interest payments on debt are made. In a discounted cash flow ...
The cash flow available after operating expenses, interest payments on debt, taxes, net principal repayments, preferred stock dividends, reinvestment needs and changes in working capital. In a ...
The individuals who started a company. Frequently founders are also key management and the controlling stockholders for a private company.