Deal Sponsors

Family Offices

Syndicates

Syndicates

Venture Firms

Emerging Fund Managers

Venture Capital Firms

Resources

Blog

Learning Center

Guides

About Us

Glossary

From “allocation” to “working capital,” every term you’d ever need to know to be a VC investor.

#

3(c)(1) Fund

3(c)(1) Fund

3(c)(7) Fund

3(c)(7) Fund

409A Valuation

409A Valuation

506(c) Fund

506(c) Fund

A

Accredited Investor

Accredited Investor

AML

AUM

AUM

Allocation

Allocation

B

Beneficial Owner

Beneficial Owner

Blocker Structures

Blocker Structures

Broker-Dealer

Broker-Dealer

Blue Sky Fees

Blue Sky Fees

Bridge Round

Bridge Round

C

Convertible Debt/Convertible Note

Convertible Debt/Convertible Note

Common/Preferred Stock

Common/Preferred Stock

Carry Share

Carry Share

Cap Table

Cap Table

Cap/Uncapped

Cap/Uncapped

Control Person

Control Person

Co-Investors

Co-Investors

Carried Interest (Carry)

Carried Interest (Carry)

Capital Call/Drawdown

Capital Call/Drawdown

D

Deal Memo

Down Round

Discount

Discount

E

Effectively Connected Income (ECI)

Effectively Connected Income (ECI)

Exit

Exit

Exempt Reporting Adviser

Exempt Reporting Adviser

F

Family Company

Family Company

Family Office

Family Office

Form ADV

Form ADV

Fund of Funds

Fund of Funds

G

General Partner/Deal Lead

General Partner/Deal Lead

General Solicitation

General Solicitation

GP's Lead Commitment

GP's Lead Commitment

I

Individual Income

Individual Income

Information Rights

Information Rights

Investment Instrument

Investment Instrument

Internal Rate of Return (IRR)

Internal Rate of Return (IRR)

J

Joint income

Joint income

Knowledgeable Employee

Knowledgeable Employee

K

KYC

KYC

L

Liquidation Preference

Liquidation Preference

Liquidity

Liquidity

Look-Through Rules

Look-Through Rules

LP/Investor

LP/Investor

M

Management Company

Management Company

Management Fee

Management Fee

Most Favored Nation (MFN)

Most Favored Nation (MFN)

N

Net Worth

Net Worth

P

PFIC (Passive Foreign Investment Companies)

PFIC (Passive Foreign Investment Companies)

Pre-Money/Post-Money Valuation

Pre-Money/Post-Money Valuation

Pro-Rata Rights

Pro-Rata Rights

Q

Qualified Purchaser

Qualified Purchaser

Qualified Client

Qualified Client

Qualified Small Business Stock (QSBS)

Qualified Small Business Stock (QSBS)

Qualifying Investments

Qualifying Investments

R

Recycling

Recycling

Registered Agent

Registered Agent

Runway

Runway

Registered investor Advisor (RIA)

Registered investor Advisor (RIA)

Right of First Refusal

Right of First Refusal

S

SAFE

SAFE

Secondary Transaction

Secondary Transaction

SPV (Special Purpose Vehicle)

SPV (Special Purpose Vehicle)

Series LLC

Series LLC

Side Letters

Side Letters

T

Tax Shelters

Tax Shelters

Term Sheet

Term Sheet

Total Value Paid In (TVPI)

Total Value Paid In (TVPI)

U

Unrelated Business Taxable Income (UBTI)

Unrelated Business Taxable Income (UBTI)