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Private Equity Down Rounds

DarrowEverett LLP

Venture Debt: Down Round Protection Without Triggering Downside Provisions

DarrowEverett LLP on

There is increasing chatter in the startup and investor space surrounding venture debt. It is not at all surprising that as the availability of ready capital has contracted considerably over the past two years, debt and...more

Morrison & Foerster LLP

Negotiating A Down Round

Down rounds—equity financing rounds where the company’s valuation is lower than at least one of its previous rounds of financing—have been rare in the sellers’ market of the past few years, where high valuations fueled by an...more

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