Pulley’s Post

Wondering what it's like when a Private Equity (PE) firm comes knocking? Join our fireside chat TOMORROW, June 18th, at 1 pm ET / 10 am PT to hear from Benjamin Hummel of Legacy Service Partners and Joshua Sparks of Infinity Home Services, moderated by Kevin Geiger of EverCommerce. Register now to learn what the process is really like, and discover how to successfully navigate it for your business’s success. 🚀💼 #Contractors #HomeImprovement #PEFirms #BusinessStrategy https://ow.ly/hR5x50S8C8x

Think you’re ready to confidently ring the opening bell? Need some perspective? Catch the replay of our Virtual Panel Series on Building Best-in-Class Investor Relations, featuring Jeff Bernstein and April Scee joined by corporate, sellside, and buyside Investor Relations experts who share what you need to get right and how to avoid common mistakes and answer questions like - Is “TAM” really a “Scam”? Your roadmap is just a click away:https://lnkd.in/e2t4DkDU #IPO #InvestorRelations #GoingPublic #Webinar #CapitalMarkets #Finance #Riveron

There's a key obstacle when engaging with investors - their buying journey rarely involves the actual company. That's why public companies need to become the primary source of information for investors to create a relationship that's more than just a three-digit code. Here's a video from Tom explaining how this habit works or if you're interested, you can download the campaign here: https://lnkd.in/gUDARvJn #marketengagement #shareholderengagement #investorrelations #investors #shareholders

Mini Tender Offers: What Investors Should Know #MiniTenderOffer #InvestorAwareness #StockMarketStrategy #ShareholderRights #CorporateFinance #InvestmentRisks #FinancialLiteracy #StockBuyback #MarketRegulation #InvestorProtection

Just to let you know, the contraction in your stock price is directly related to the contraction in your shareholder base. Understand why your stock is falling. The stock market is not rising and falling in small increments as usual but expanding or contracting rapidly. Your stock price reflects your shareholder base, which is contracting rather than expanding. (If you don't believe I am correct, then pull your shareholder count from a year ago and now. It's acquiring like your price.) Roadshows and Conferences are not the answer to reaching Wall Street’s financial professionals. Bankers, Funders, and Service Providers (...maybe), but Brokers and the most significant chunk of the retail market, No! There is no substitute for repeated, personalized, educated, and professional contact. The Acorn process provides access to long-term, sophisticated shareholders through their trusted advisors and Institutions. This also opens the door to capital appreciation, funding opportunities, and volume (the byproduct) for firms and clients. Acorn makes 3,000 outbound calls to Series 7-licensed Brokers and Investment Advisors monthly for every AMP client. These are 1-on-1, professionally designed presentations (specifically customized) for each client. You must understand why investors are not buying your company's projected value... https://hubs.ly/Q02kb5C30

Investors new to the pre-IPO secondary market often don’t know that the same company can have at least 6 different prices simultaneously. Here’s why. Stock type matters: ** Common stock is riskier than preferred stock, and we see risk disparity being priced across all names in the secondary market. ** All equal, common stock trades at a lower price than preferred. Exact discount depends on the company and structure... read on. Transaction structure matters: ** Forward contracts are considered lower quality due to counterparty & legal risk. ** SPVs vary. They can trade at premiums when they provide access to equity otherwise buried in tough transfer restrictions. ** Direct transfers, when available, trade at premiums to the other structures. So with 2 types of stock and 3 types of transaction structures, the same company could trade at 6 different prices at the same time! Secondary market trade structures in practice: Caplight analyzed $2B of closed secondary market transactions in ~200 unique private companies over the past 18 months and found 81% of companies trade through just 1 structure. The vast majority of companies traded did so via direct transfers of stock. Curious to hear your opinion. Are you seeing more or less companies facilitate direct transfers? Find this helpful? | Repost  Anything to add? | Please comment Want the full report? | Let me know at javier@caplight.com #preIPO #secondaries #liquidity #venture

Today is our 20th Issue of Deal Sheet. That means Zachary Ginsburg and I have now shared 2-6 curated SPV investment opportunities a week for 20 weeks in a row. We were not entirely sure what to expect when we set out to launch Deal Sheet and curate deals for LPs every single week. A lot of deals to be responsible to share weekly, right? We had high confidence in our ability to source but also work with and support many of the other great syndicate leads in the ecosystem (that we’ve met, worked with, and co-syndicated deals with over the past 5-6 years). We’ve been fortunate to spotlight pre-seed through pre-IPO investment opportunities from over 20 different syndicate leads who all bring differentiated and unique deal flow. It’s a great feeling to have now completed this 20 weeks in a row (despite soooo much more to accomplish). I only see Deal Sheet getting better going forward and I truly believe this. I believe this is a win for Syndicate leads who can access additional capital and high-intent, quality LPs (in a tough environment). I believe it is a win for our customers who can now access more curated deal flow, and at discounted carry (10% vs. 20%) providing additional upside for LPs who are active in the ecosystem. A massive thank you to the many syndicate leads who have worked with us and our early customers! ♥️♥️♥️ Cheers to the next 100 weeks of curated deals!

Few events strike as much fear in the hearts of start-up investors as dilution. Many go through great lengths to include anti-dilution clauses that protect the specific percent share of a company that they signed up for. If they buy or earn 10% of a company then they want to keep 10% of the company, often with little thought to the underlying value of the company. Dilution, however, isn’t necessarily a bad thing. In fact, dilution can be a great sign that your company is growing and doing the right things. Read more: https://lnkd.in/gY6-Btxi

🚀 What is Book Building in IPOs? 📈 It’s how companies set share prices by collecting bids from investors—like a silent auction! 👥 Key Players: - Company (Issuer) - Underwriters - Investors 💡Why It Matters: Ensures fair pricing and capital raising. Want more finance insights? Follow me! 💪 #Finance #FinanceMarket #FinanceWorld