This is no Aprils Fools… This is another case of unicorn slaying. Lets see how this slay unfolds. Recently Spotify issued a $1B convertible debt from TPG, Dragoneer, and Goldman Sachs clients. We will call them the VC mob (VCM). Terms: VCM can convert the debt to equity at a 20% discount of the IPO […]
With all these Unicorns lately, the market for private stock has been getting hot. The SEC has alleged that NetCirq has violated federal securities laws regarding transactions involving Pre-IPO companies, swaps, and registration requirements.