On November 28, 2022, Partners Andrew Ritter, Adam Silverman and Jack Sousa authored an article in TechCrunch titled, “Interim rate of return: A better approach to valuing early-stage startups.” The article takes a look at how the interim rate of return allows convertible instruments to get back to basics, avoiding discussions of early-stage value and providing a simple, intuitive mechanism to reward early-stage investors.

To read more, click here, or to read the full article without a subscription, view the PDF below.