“We are looking at a bridging round of funding”

by | Dec 9, 2022 | Lingo Bingo

Translation: I’m staring at the bank balance and we have literally run out of money. BWB Explains: A bridging round is a quick injection of cash to tide you over in terms of cash until you close your next round of fundraising. See also “Burn Rate” and...

“We tend to look for a 10X return in 3 years”

by | Dec 9, 2022 | Lingo Bingo

Translation: We have literally never got this and would be delighted with doubling our money. BWB explains: Most investors are looking for an investment return of three to ten times their initial investment. VC’s love to say “we look for 10X in 3 years” (FYI they...

“What’s your EBITDA?”

by | Dec 9, 2022 | Lingo Bingo

Translation: I am not interested in growing the business, just how much money I can make now. BWB Explains: EBITDA – /ˈebɪtdə/ – Earnings before interest tax depreciation and amortisation. Basically If you didn’t invest at all in a business and just...

“Crowd Funding”

by | Dec 9, 2022 | Lingo Bingo

Translation: A way that should allow you to raise all the money you need from lots of small investors, but strangely doesn’t. BWB Explains: whatever crowdfunding platform you use there is usually a much smaller “crowd” than you expect. They can be useful as a cheap...

“Can I look at your teaser?”

by | Dec 9, 2022 | Lingo Bingo

Translation: I’d like to see no more than 1-2 pages describing the company and the offer for investment. I will then tell you I needed to see far more detail. BWB advice: the quick brown fox jumped over the lazy dog around the rugged rock the ragged rascal ran the...