The market for selling a business is highly inefficient. This is one of the main reasons why a well-designed and properly executed exit strategy can increase a company’s valuation by 50% or more. A Counter Example – The Residential Real…

In the earliest stage of a startup, founders often rely on money from friends and family. Budgets are tight, good lawyers can feel out of reach, and mentors may not be in place yet. The result is that key legal…

This highly valuable concept is one of the most difficult for investors and entrepreneurs to grasp intuitively. I didn’t truly understand it until I was fifty. It’s not due to a lack of learning ability, but because, as with many…

Director compensation has changed significantly over the past few years. While specific data, especially for early and mid-stage companies, remains limited, compensation levels are widely believed to have increased severalfold since the corporate governance issues of the late 1990s. Why…