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4 Years with a 1-Year Cliff
409A Valuation
83(b) Election
A
Accelerated Vesting
Accelerator
Accredited Investor
Acqui-hire
Acquisition
Advisory Board
Alpha
Alternative Minimum Tax (AMT)
Amended and Restated Certificate of Incorporation
Annual Recurring Revenue (ARR)
Anti-Dilution
At-Will Employment
Authorized Shares
B
Balance Sheet
Blended Preferences
Board Observer
Board of Directors
Book Value
Book Value Method
Bootstrapping
Broker-Dealer
Burn Rate
Business Judgment Rule
C
C Corporation
CAN-SPAM Act
Cap Table
Capital Gains
Carried Interest
Cash Flow
Cash-on-Cash Return
Cashless Exercise
CCPA
Class Voting
Classes of Stock
Clawback
Cliff
Co-Sale Rights
Common Stock
Conditions Precedent to Financing
Control Terms
Conversion Rights
Convertible Note
Cumulative Voting
D
Data Room
Dilution
Discount
Discounted Cash Flow
Dividend
Double-Trigger Acceleration
Down Round
Drag Along Rights
Due Diligence
Duty of Care
Duty of Loyalty
E
Early Exercise
EBITDA
Employment Taxes
Equity
Equity Compensation
Escrow
Exclusive License
Exercise Price
Exercise Window
Exit
F
Fair Market Value
FAST
Fiduciary Duty
Field of Use
FINRA
Flat Round
Form 2553
Form D
Full Ratchet Anti-Dilution
Fully-Diluted Capitalization
Fund of Funds
Fundraising
G
GAAP
GDPR
General Partner
General Solicitation
Golden Parachute Payment
H
High Resolution Financing
Holdback
Howey Test
Hurdle Rate
I
Incentive Stock Options (ISOs)
Independent Directors
Information Rights
Inside Basis
Inside Directors
Integration
Internal Rate of Return (IRR)
Investment Contract
Investor Questionnaire
IPO
Irrevocable Proxy
J
Junior Debt
K
Key Performance Indicator (KPI)
L
Lead Investor
Letter of Intent (LOI)
Leverage
License
Limited Partnership Agreement
Liquidation Preference
Liquidity Event
Lock-up Period
Long-Term Capital Gains
M
Major Investor
Management Fee
Management Rights Letter
Maturity Date
Monthly Recurring Revenue (MRR)
Most Favored Nations Clause
N
NDA
No-Action Letter
No-Shop Clause
Non-Compete
Non-Qualified Stock Options (NSOs)
Non-Solicitation
Nonrecourse Debt
O
Option Budget
Option Pool
Ordinary Income Tax
Outside Basis
Outstanding Shares
Overhang
P
Par Value
Pari Passu
Passive Loss Rule
Pay-to-Play
Penny Warrant
Perpetual License
Pitch Deck
Portfolio Company
Post-Money Valuation
Pre-Money Valuation
Preferred Stock
Price Per Share
Priced Round
Prime Rate
Pro Rata
Profits Interest
Promissory Note
Protective Provisions
Q
Qualified Financing
Qualified Small Business Stock (QSBS)
Quorum
R
Recourse Debt
Redemption Rights
Registration Rights
Regulation D
Regulation S
Restricted Security
Restricted Stock Award
Revocable License
Right of First Refusal (ROFR)
Rule 144
Rule 504
Rule 506(b)
Rule 506(c)
Rule 701
Runway
S
S Corporation
SAFE
Secondary Sale
Section 409A
Secured Revolving Note
Securities Act of 1933
Securities and Exchange Commission (SEC)
Securities Exchange Act of 1934
Security
Shadow Preferred Stock
Short-Term Capital Gains
Side Letter
Single-Trigger Acceleration
Soft Circle
Source Code
Stacked Preferences
Staggered Valuation Caps
Stock Options
Strike Price
T
Tag Along Rights
TAM
TCPA
Term Sheet
Transactional Exemption
Treasury Stock
U
Unicorn
Unvested Equity
V
Valuation
Valuation Cap
Variable Expenses
Venture Capital Firm
Venture Funds
Vesting
Vice Clause
W
Warrant
Waterfall
Y
Y Combinator
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