Partner Kristine Di Bacco recently joined Andrew Romans, host of the Fireside with a VC podcast, to discuss tough terms for startups in the context of flat and down rounds as well as more punishing terms for startups. In this episode, they delve into:
- What is common and expected in today’s market for up, flat, down rounds as well as convertible notes and SAFEs?
- Planning today’s current round in a way to set a precedent for the next funding round balancing valuations and terms.
- The difference between pre- and post-money SAFEs vs convertible notes, QSBS, etc.
- What to expect for typical governance, board of directors construction, etc. across multiple financings for startups.
- Secondaries in the bull market leading up the peak in 2021 compared to today’s 2024 market and what to expect for funding and exits in 2024 and beyond.
- How she cofounded and built Fenwick’s New York City office and now back in Silicon Valley and understanding differences and similarities in the New York compared to Silicon Valley ecosystems.
Tune in here.