Private Placement Memorandum

topic on 2 shows · 3 statements across 3 episodes

the Y Combinator Startup Podcast Capital Allocators

3 statements about Private Placement Memorandum, every show

LPs starting diligence when a private equity PPM prints are already late
“So if you're showing up with the PPM as it's printed, you are late. Like you are at the back of the line.”
John Toomey Jun 21, 2021 ▶ 16:43 Private Equity Masters 1: John Toomey – HarbourVest Partners (Capital Allocators, EP.200)
Girotto: Pricing Commingled Fund Exits Without Asset Sales Is a Huge Risk
“I'm sure it's written down in the private placement memorandum, but unless you're actually selling assets in order to determine those exit and entry prices, that's a huge risk.”
Jay Girotto Oct 14, 2019 ▶ 28:54 Jay Girotto – Farmland Opportunity (First Meeting, EP.10)
Y COMBINATOR Assertion Not checkable as stated
Levy: Startups no longer need PPMs for SAFEs or priced rounds
“You don't even need a PPM these days to do a priced round. Nobody, nobody really does those anymore. SAFE is just one document. That's all you need. For a priced round, it's usually just a term sheet.”
Carolynn Levy Mar 6, 2018 ▶ 47:27 Carolynn Levy and Kirsty Nathoo - Startup Investor School Day 1 · Y Combinator

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