VC insights: Structuring a deal – ASAs and convertibles

VC insights: Structuring a deal – ASAs and convertibles

Continuing our ongoing series on technical aspects of structuring a venture investment, we’re now going to look at Advanced Subscription Agreements (ASAs) and convertible loans. David Smith sets out why these are popular instruments, and some of their drawbacks. As…
VC insights: Valuations in early-stage investments

VC insights: Valuations in early-stage investments

Valuations in early-stage investments Recent posts have focussed around the technical aspects of structuring a transaction. We’ll be returning to that theme, but in the meantime, we’re going to take a look at the massive issue of how venture capital…