Original insights on special situations investing, restructuring, distressed assets, and alternative investment management — from practitioners with three decades of institutional experience.
Delaware’s New ABC Law Gives Startup Boards Another Option: Delaware Already Decided. California May Decide Next.
Delaware adopted the Uniform ABC Act in June. For startup boards facing a wind-down, the question is no longer only whether an ABC fits, but which state’s.
Read moreGood Companies, Underwater Cap Tables: Why the SaaS Repricing Is Now a Governance Problem
Many 2021-priced SaaS companies do not have a business problem. They have a capital structure problem, and valuation becomes a governance problem.
Read moreWhen the Long Bond Reached Venture Capital: The Rate Environment Is Now a DPI Problem We Can’t Ignore
For funds raised and deployed during the zero-rate era, waiting is no longer a passive choice. It is an active bet that the old cost of capital will return...
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