Stock issued by a company but later reacquired. It may be held in the company’s treasury indefinitely, reissued to the public, or retired. Treasury stock receives no dividends and does not carry voting power while held by the company.

Funds flowing from investors to a company that represent a partial round or an “early close.” Subsequent funds of the single round are generally under the same terms and conditions as the first tranche (or early close), however, those funding the early tranches may receive bonus warrant coverage, in consideration of the additional risk. (a [...]

The sale of the equity share of a portfolio company to another company.

The basic principle that money can earn interest, therefore something that is worth $1 today will be worth more in the future if invested. This is also referred to as future value.

A summary of the terms the investor is prepared to accept. A non-binding outline of the principal points which the Stock Purchase Agreement and related agreements will cover in detail.

An offer to purchase stock made directly to the shareholders. One of the more common ways hostile takeovers are implemented.

Types of business combinations in which shareholders do not incur tax liabilities. There are four types-A, B, C, and D reorganizations. They differ in various ways in the amount of stock/cash that can be offered. See Internal Revenue Code Section 368.

The desired return on investment of private investors in early stage companies, defined in a multiple of the original investment.

A takedown schedule means the timing and size of the capital contributions from the limited partners of a venture fund.

A minority shareholder protection affording the right to include their shares in any sale of control and at the offered price.