AAA Comment – Page 40

US watches as China advances

Having founded the multi-lateral and monetary system at Bretton Woods in 1944, the US added effective control of the payments system from the 1970s through credit and cash machines around the world allied to bank transfers and the deepest capital and advisory markets. Americans are keen for this to remain.

Powering the future

For those fascinated by charts of coronavirus expansion at various infection rates over the past few months, here is a more positive one.

Understanding down-market venture deal structures

It has been quite some time since the venture market has seen regular usage of down-rounds, cram-downs, pay-to-plays and similar down-market financing structures, but it is likely that the road ahead will be paved from time to time with these more complicated deal structures as compared to the straight forward structures and terms of the long up-market of the last decade.