Seedcamp cofounder Saul Klein chats with Om about European markets, Niklas Zennstrom's exit from Skype and Seedcamp. Then Om and Joyce explain VC lingo in layman's terms
Is Web 2.0 taking off in Europe?
Klein, the former VP of marketing at Skype, has some interesting things to say about Niklas Zennstrom's exit from the VoIP company. (Zennstrom cofounded Joost after he left Skype.)
On the Hitlines:
Today, Om and Joyce define popular VC jargon in layman's terms:
A convertible note is a debt (loan) that can be converted into stock at:
1) a particular date
2) at the occurrence of a particular event
3) at the option of the holder or the issuer
Preferred stock, generally speaking, is a class of stock that ranks above common stock with preferential rights in areas such as voting, dividends and payment in case of liquidation.
Pre-money valuation describes the value of the company before the investment.
Post-money valuation is the value of the company after the investment.