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Co-Capital Partners has provided resources for entrepreneurs, general partners and investors that can be useful sources of information links to information that can inform or improve operating methods with the goal of sharing information that can improve the investing value chain for each participant.

Co-Capital Resources

Venture Capital and Private Equity Resources

Entrepreneur Resources

Diagnostic Resources

Private Companies and the Sarbanes-Oxly Act of 2002



Co-Capital Resources

Co-Capital Partners provides various investing and governance guidelines and information on specific topics. They are not listed in any specific order nor meant to take the place of specific venture advisors.
  • How Much is Enough? - Whenever an investment is made, the investor asks "How much of the company do I own?" and the entrepreneur asks "How much of my company do I need to give up?". Both parties look at this issue from a different perspective and they usually leave this topic to the end of the investing process. The ownership conundrum is really simple math. This summary is meant to bring objectivity to a process that can get bogged down by emotion or unrealistic expectations. If you assume that every Venture Capitalist needs to achieve a 30% IRR on its investments, then how much of any company do they need to own when they liquidate the investment to achieve that rate of return?
  • Fair Market Valuation Standards - General Partners are generally required to carry out periodic valuations of investments as part of the reporting process to investors in the Funds they manage. Partnership Agreements usually specify reporting periods and precise valuation requirements for investments that are or become publicly traded. Accounting standards concern issues of consistency, presentation and broad issues that can be applicable across all types of private equity vehicles. The Valuation Standards attached were based, in part, upon standards proposed by the NVCA in 1997.
  • Capitalization Table - Entrepreneurs and investors alike need to know the capitalization of the company they own, manage or invest in. This is a generic chart that is meant to show at a glance the classes of stock, the major owners of each class and the valuation of company pre and post the most recent round of equity.
  • Small Business Investment Company (SBIC) Program - The SBIC Program is a way for small funds to invest larger dollars than just the amount they can raise from private investors. However, the capital from this government-run program does come with more bureaucracy. The attached article by the Small Business Administration (SBA) is meant to give you enough information to decide if the program will be a fit for a general partner.
  • SBIC Approval Timeline - One of the drawbacks to engaging the SBA as a partner to your fund is the time it takes for the SBA to approve the license and allow a fund to draw capital from the SBA. The timeline shown in the attached link comes from SBA guidelines, coupled with actual fund experience in late 2002.
     

Venture Capital and Private Equity Resources      

Entrepreneur Resources      

Diagnostic Resources      

 

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