Defense wins championships! When closing a capital raise transaction, it’s easy to focus on the “offense” numbers like interest rate and amortization in debt deals and pre-money valuation and board seats in equity ones. While points on the board are always nice, making sure you are adequately protected in downside scenarios may be the difference between a ho-hum season and a deep playoff run.
Negotiating and/or clarifying certain intangibles prior to giving an investor exclusivity to conduct confirmatory diligence may:
- Shed light on the kind of investment partner with whom you are taking the field
- Save you from burning all your “time outs” during the legal documentation phase
- Prevent a trick play from the opposing team when you’re least expecting it
Connect with Our Team
- Jonathan Zucker, Managing Director, Head of Capital Advisory, jzucker@IntrepidIB.com
- Boris Zikratov, Director, Capital Advisory, bzikratov@IntrepidIB.com
- Stephen Senior, Associate, Capital Advisory, ssenior@IntrepidIB.com