『The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events』のカバーアート

The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events

The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events

著者： Fexingo
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Lucas and Luna examine the mechanics of startup liquidity events—IPOs, SPAC mergers, direct listings, and acquisitions—through the lens of recent filings, valuation history, and founder outcomes. Each episode starts with a specific deal: the pricing decision at an IPO roadshow, the negotiation dynamics of a term sheet, or the lockup expiration that defines a founder's final payout. They track the numbers that matter: share dilution, insider participation, valuation step-ups, and the real multiples that investors demand at each stage. Lucas brings the journalistic rigor—company filings, SEC comments, historical precedents—while Luna focuses on the founder's perspective: how much control they retain, how they time their exit, and what liquidity actually means for their personal balance sheet. Together, they avoid the cheerleading common in startup media and instead ask hard questions: Did this deal serve the founders or the VCs? What does the secondary market tell us about the company's real worth? How do lockup agreements protect or trap early investors? The show is built for founders considering an exit, investors sizing up IPO allocations, and anyone who wants to understand the financial engineering behind the headlines. After each episode, the listener walks away with a clearer picture of a specific liquidity event—not as a success story or cautionary tale, but as a case study in negotiation, timing, and market psychology. What was the last deal that paid off for everyone—and who got left behind? #IPO #StartupExits #FounderLiquidity #MergersAndAcquisitions #DirectListing #SPAC #VentureCapital #SecondaryMarkets #LockupPeriod #Valuation #SECFilings #InvestmentBanking #EquityMarkets #Business #FexingoBusiness #BusinessPodcast #Technology #Finance Keep every episode free: buymeacoffee.com/fexingo© 2026 Fexingo. All rights reserved. 経済学
エピソード
  • How Founders Use Rolling Closes to Stay Flexible

    How Founders Use Rolling Closes to Stay Flexible
    2026/06/08
    In this episode of The Startup Exit Podcast, Lucas and Luna explore how rolling closes are becoming a strategic tool for founders navigating uncertain markets. They discuss the mechanics of rolling closes, how they differ from traditional funding rounds, and why recent market volatility—like NVIDIA's 6 percent drop over the past week—is pushing more startups to adopt this approach. The hosts also share examples of companies using rolling closes to avoid down rounds, and address the pros and cons for both founders and investors. If you are building or running a startup, this episode offers a concrete look at a funding tactic that is reshaping exit timelines. #RollingCloses #StartupFunding #Founders #VentureCapital #StartupExits #DownRounds #MarketVolatility #NVIDIA #BusinessPodcast #FexingoBusiness #StartupStrategy #FundingRounds #InvestorRelations #TechStartups #LiquidityEvents #FlexibleFunding #CapitalMarkets #StartupTips Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How Founders Use Earnouts to Bridge Exit Value Gaps

    How Founders Use Earnouts to Bridge Exit Value Gaps
    2026/06/08
    When a startup gets acquired, the headline number isn't always what founders walk away with. In this episode, Lucas and Luna break down the earnout — a deal structure where part of the purchase price is tied to future performance targets. Using the recent $1.3 billion acquisition of AI startup Cohere by Salesforce as a case study, they explore how earnouts can bridge valuation gaps, align incentives post-close, and sometimes lead to founder regret. Lucas explains why roughly 40% of M&A deals now include some form of earnout clause, what typical timelines look like (usually 2 to 4 years), and how the recent tech sell-off — including Palantir dropping 15% in a week and Coinbase down 16% — is putting pressure on acquirers to lean harder on earnout structures. Luna pushes back with the counterargument: earnouts can create perverse incentives and lead to cultural friction. They also touch on how founders can negotiate smarter earnout triggers — like revenue milestones over profit targets. Practical, nuanced, and grounded in today's M&A climate. #Earnouts #StartupExits #MergersAndAcquisitions #FounderLiquidity #Cohere #Salesforce #AIStartups #DealStructure #ValuationGap #BusinessPodcast #FexingoBusiness #TechM&A #FounderAdvice #ExitStrategy #Incentives #Negotiation #TalentRetention #MarketVolatility Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How Founders Are Using Escrow to Guarantee Exit Payouts

    How Founders Are Using Escrow to Guarantee Exit Payouts
    2026/06/07
    In episode 37 of The Startup Exit Podcast, Lucas and Luna explore a quiet but crucial trend in M&A: escrow structures that protect founders from post-acquisition clawbacks and earnout failures. Using the recent $1.3 billion acquisition of a cybersecurity firm as a case study, they break down how escrow percentages have shifted from 20% to 10% in competitive deals, and why founders are now demanding faster release schedules. They also tie in current market data—like the steep drops in high-growth tech stocks (Shopify down 11.7%, Coinbase down 16.5% in a week)—to explain why cash certainty matters more than ever. If you're a founder negotiating an exit, this episode gives you the specific terms to ask for. #StartupExit #MergersAndAcquisitions #Escrow #FounderLiquidity #Earnout #Cybersecurity #VentureCapital #DealTerms #ExitStrategy #Business #Finance #Tech #FexingoBusiness #BusinessPodcast #StartupLaw #Negotiation #IPOAlternative #LiquidityEvent Keep every episode free: buymeacoffee.com/fexingo
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    8 分
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