Vicinity Views
News, education and insights on investing in public offerings through the Vicinity platform and private early-stage offerings with VentureSouth.
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Small Business Report: A Brick and Mortar Graveyard?
The retail landscape is changing faster than the drive-thru line at Chick-fil-A. And the future for brick-and-mortar, in particular, might seem unclear.
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Campaign Page Walkthrough
Malcolm gives us a general overview of how campaign pages are setup. If you have any questions email us at [email protected] – thanks!
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Risky Business?
We’ve all heard this stat as a warning to both would-be founders and investors. A shot across the bow about the supposedly near-guaranteed failure…
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We’ve Got a Message for Warren Buffet
“It’s an economic war.” Warren Buffet delivered this mic drop moment on his recent CNBC interview with Goldman Sachs’ CEO, David Solomon. During the…
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Going Private, Publicly
Building a portfolio of private investments can feel like sailing out on uncharted waters. “I’m not a financial planner” you might say, why would…
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A Crowdfunding Christmas: It’s A Wonderful Life
“Few movies have aged like It’s A Wonderful Life, the iconic Christmas classic most of us grew up watching. As of December 2, 2020…
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How a Rev Share works…
If you’ve been browsing our campaigns you might have come across a few structured as rev share agreements. It’s a term that gets thrown…
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Breaking into SAFEs
At risk of getting flagged by the FBI, I’m going to lay out the easiest path to break into a SAFE. This method is…
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The Local Business Report: Gyms Are Doing Extra Reps
2020 has been a tough year for most businesses. We’re beginning a Local Business Report series through which we will highlight different industries and…
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Survey Insight
Some of our most common feedback responses were deal-specific questions about the terms, structure & potential returns of an offering.
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Over The Moon About Microinvesting
And while most small businesses aren’t trying to break into the space travel market, they’re still shooting for the stars. These businesses need capital…
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3 Investment Topics for Thanksgiving Table Talk
Happy Thanksgiving! Food, fellowship, football. There are so many reasons to enjoy your Thanksgiving feast. But what about that window of time after you’ve…
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Exits: Taxes
So, finally! Our preferred shareholder has a distribution. Less than expected by the naïve optimists hearing the headline price, but still it’s nice to…
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Exits: The Last Complications
The pie is so close you can almost taste it. But wait a second! Escrow accounts In most transactions, the buyer will insist that…
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Exits: Dividing the Pie
As we’re close to the bottom of the waterfall, we are now including a third metaphor as we figure out how to “divide the…
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Exits: The First Evaporations
There are a few immediate claims on the water heading into the waterfall; some of these are fairly obvious, others are more complicated or…
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Exits: Waterfalls
Nothing happens in investing without flowery metaphors. When we discuss “exits” we are talking about getting our money back out of an investment. This…
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Exits: waterfalls, holdbacks, escrows, earnouts, and carry – some of the complexities of “an exit”
“Make Money. Have Fun. Do Good.” is the VentureSouth motto. This first part, Make Money, is (we believe) the key point of angel investing…
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Capped participating preferreds: the real impact 2: the grey zone
Following from the last post, there was a range of fairly attractive outcomes where the capped participation had an impact: let’s review the results…
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Capped participation preferreds: the real impact part 1
What does the capped participation preference mean in practice? Time for the promised spreadsheet: this sheet lays out the returns for preferred shareholders in…
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Capped participating preferreds: Are they unusual?
As we asked in the last post, are capped participating preferreds unusual? Well, it is option #3 in the term sheet – people generally…
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Capped participating preferreds: source infomation
Following on from the last post, before we unleash the spreadsheet, though, let’s cover where the idea of capped participating preferreds comes from. The…
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Capped participating preferreds: introduction
On a few VentureSouth investments this fall, we led the round (as we like to do) and agreed a term sheet that included a…
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Non-dilutive funding: wrap up
There are lots of other resources for exploring non-dilutive funding. While this is a bit outside of our remit at VentureSouth, we strongly encourage…