A business oriented social media platform which can be found online at www.linkedin.com.⁶

The sequence in which all parties, including investors, employees, creditors, and others receive payments in the event of a company’s liquidation through acquisition or bankruptcy.⁷

A term utilized to reference small traditional family lifestyle businesses such as local retail and service providers. These businesses are typically operated by family for the benefit of the family without the objective of a liquidation event such as the strategic sale or IPO of the company.  As a result, these businesses are not typically funded by angel investment groups or VCs.⁶

A standard set of investment documents for a Series A equity investment round developed by a group of most of the major venture law firms for the National Venture Capital Association.⁷

An agreement signed during a financing transaction by all of a company’s shareholders in which they agree in advance to certain provisions.  These will typically include indicating which parties are entitled to designate members of the board of directors, and thus control the company.⁷

The investor with the gold, makes the rules.  (The same meaning as “those who bring the money drive the bus”; i.e., forget whatever any previous contracts say, if you need money and only one source is willing to supply it, you’ll take the money on their terms, period.)⁷

A term in VC financing that requires investors to participate in future down-valuation financings of the company, or else suffer punitive consequences (such as getting their Preferred stock converted into Common stock).  One reason why investors keep some dry powder on hand.⁷

Terms agreed to as part of an investment round that protect investors from major adverse actions (such as dissolving the company, or selling it to someone for $1), but do not provide the right to affirmatively control the company.⁷

The correct term for organizations often referred to as super angels.  Structured similar to a traditional venture fund, a Micro-VC is typically much smaller in size, with fewer partners, and invests less money but at an earlier stage.⁷

A website which enables the facilitation of online in-person meetings of groups with similar interests. Local Meet-ups groups focus on a wide variety of interests, including technology, entrepreneurship, investments and startups from the entrepreneurial world.⁶