Exit is the sale or exchange of a significant amount of company ownership for cash, debt, or equity of another company.⁵

Seed Capital is the money used to purchase equity-based interest in a new or existing company. This seed capital is usually quite small because the venture is still in the idea or conceptual stage.⁵

The price at which an option or warrant can be exercised.³

[“34 Act”] Regulates periodic reporting by companies with publicly traded securities, companies with more than 500 shareholders, and brokers and dealers in securities.³

The federal law that established the Securities and Exchange Commission. The act outlaws misrepresentation, manipulation, and other abusive practices in the issuance of securities.  Securities and Exchange Commission: The SEC is an independent, nonpartisan, quasi-judicial regulatory agency that is responsible for administering the federal securities laws. These laws protect investors in securities markets and ensure that investors have access to all material information concerning publicly traded securities. Additionally, the  SEC regulates firms that trade securities, people who provide investment advice, and investment companies.³

(EBAN) The European equivalent of America’s Angel Capital Association.  See http://www.eban.org for more information.¹

The federal law covering new issues of securities. It provides for full disclosure of pertinent information relating to the new issue and also contains antifraud provisions.³

Includes all types of equity and debt instruments and rights in and to them.³

The sale of private or restricted holdings in a portfolio company to other investors.³

Employee Retirement Income Security Act.