Liquidity
April 2024
Leveraged buyout (LBO)
A leveraged buyout (LBO) is a type of M&A exit strategy. The buyer uses debt as leverage to finance a substantial...
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Founder Education
January 2024
Waterfall analysis
Learn how to model exit scenarios using waterfall analysis. Waterfalls help investors predict how shareholders would be...
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Founder Education
December 2023
Business exit strategies
An exit strategy outlines how and when a founder, CEO, or investor plans to liquidate a company. Learn more about IPOs,...
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Liquidity
December 2023
Tender offers
Learn about tender offers, the tendering process, and how tenders work for private and public companies. Get all the...
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Liquidity
December 2023
Private block trades
Secondary block transactions allow investors to buy or sell shares outside company-sponsored transactions. Learn how...
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Initial Public Offerings
December 2023
IPO readiness
This IPO readiness guide includes a checklist and timeline for pre-IPO companies that are in the process of...
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Liquidity
December 2023
Liquidity events
Liquidity events allow shareholders to turn illiquid equity into cash. Learn more about IPOs, M&As, tender offers, and...
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Liquidity
August 2023
Liquidation preferences
We cover both standard and non-standard terms for each of the various rights and liquidation preferences, and how they...
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Liquidity
June 2023
Special purpose acquisition company (SPAC)
Learn what a SPAC is, how the deal process works, and how a special purpose acquisition company merger differs from a...
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Equity Education
June 2023
Form 1099-B
Did you receive Form 1099-B from your broker-dealer? Learn more about Form 1099-B and who receives it in this...
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Liquidity
May 2023
Secondary markets
Understand the function of the private secondary market and how companies can benefit from secondary liquidity and...
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Founder Education
April 2023
The M&A process
Navigating the decision requires founders to understand the dynamics of the most common M&A deal structures and...
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