Sunday, July 28, 2013

Wall Street firms buying distressed homes

Private equity and hedge fund firms have been sinking billions into single family rentals, buying distressed homes off of banks’ balance sheets up to 30% of inventory in some markets.

Source: The March MarketPulse report from CoreLogic

July MarketPulse report

July 2013 Issue of the Real Deal

Wednesday, July 10, 2013

Venture Summit 2013, San Diego, CA

San Diego gears up for the 2013 Venture Summit.

YCombinator library
Entrepreneur / VC Books:
◾The Venture Capital Cycle by Paul Gompers and Josh Lerner
◾Done Deals: Venture Capitalists Tell Their Stories by Udayan Gupta
◾The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything by Guy Kawasaki

TERMS SHEETs -Some common terms

Terms sheets presents an investor/VC offer to buy, and may include:

-Convertible Preferred Stock.
-Liquidation preference
-Participation Rights
-Anti-dilution protection w/ preemptive rights and ratchet protection (free shares in the vent of a downround) with variations such as "full ratchet" or "weighted-averaged")
-Affirmative covenants provisions
-Negative covenants
-Demand or piggyback registration rights
-Drag along and tag-along rights. (tag-along rights allow the minority shareholders to sell some of their shares if the majority sells some of theirs)
-Board Seats (depending on percentage ownership)

The investor, as well as the entrepreneur should always consult a licensed attorney for legal advice. The information contained herein is provided for informational purposes only and should not be construed as legal advice on any subject matter.