\documentclass[10pt,a4paper]{article} % Packages \usepackage{fancyhdr} % For header and footer \usepackage{multicol} % Allows multicols in tables \usepackage{tabularx} % Intelligent column widths \usepackage{tabulary} % Used in header and footer \usepackage{hhline} % Border under tables \usepackage{graphicx} % For images \usepackage{xcolor} % For hex colours %\usepackage[utf8x]{inputenc} % For unicode character support \usepackage[T1]{fontenc} % Without this we get weird character replacements \usepackage{colortbl} % For coloured tables \usepackage{setspace} % For line height \usepackage{lastpage} % Needed for total page number \usepackage{seqsplit} % Splits long words. %\usepackage{opensans} % Can't make this work so far. Shame. Would be lovely. \usepackage[normalem]{ulem} % For underlining links % Most of the following are not required for the majority % of cheat sheets but are needed for some symbol support. \usepackage{amsmath} % Symbols \usepackage{MnSymbol} % Symbols \usepackage{wasysym} % Symbols %\usepackage[english,german,french,spanish,italian]{babel} % Languages % Document Info \author{kimcs08} \pdfinfo{ /Title (japan-venture-capital.pdf) /Creator (Cheatography) /Author (kimcs08) /Subject (Japan Venture Capital Cheat Sheet) } % Lengths and widths \addtolength{\textwidth}{6cm} \addtolength{\textheight}{-1cm} \addtolength{\hoffset}{-3cm} \addtolength{\voffset}{-2cm} \setlength{\tabcolsep}{0.2cm} % Space between columns \setlength{\headsep}{-12pt} % Reduce space between header and content \setlength{\headheight}{85pt} % If less, LaTeX automatically increases it \renewcommand{\footrulewidth}{0pt} % Remove footer line \renewcommand{\headrulewidth}{0pt} % Remove header line \renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit % This two commands together give roughly % the right line height in the tables \renewcommand{\arraystretch}{1.3} \onehalfspacing % Commands \newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour \newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols \newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns \newcommand{\tn}{\tabularnewline} % Required as custom column type in use % Font and Colours \definecolor{HeadBackground}{HTML}{333333} \definecolor{FootBackground}{HTML}{666666} \definecolor{TextColor}{HTML}{333333} \definecolor{DarkBackground}{HTML}{0088A3} \definecolor{LightBackground}{HTML}{EFF7F9} \renewcommand{\familydefault}{\sfdefault} \color{TextColor} % Header and Footer \pagestyle{fancy} \fancyhead{} % Set header to blank \fancyfoot{} % Set footer to blank \fancyhead[L]{ \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{C} \SetRowColor{DarkBackground} \vspace{-7pt} {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}} } \end{tabulary} \columnbreak \begin{tabulary}{11cm}{L} \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Japan Venture Capital Cheat Sheet}}}} \\ \normalsize{by \textcolor{DarkBackground}{kimcs08} via \textcolor{DarkBackground}{\uline{cheatography.com/184548/cs/38505/}}} \end{tabulary} \end{multicols}} \fancyfoot[L]{ \footnotesize \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{LL} \SetRowColor{FootBackground} \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}} \\ \vspace{-2pt}kimcs08 \\ \uline{cheatography.com/kimcs08} \\ \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}} \\ \vspace{-2pt}Published 3rd May, 2023.\\ Updated 3rd May, 2023.\\ Page {\thepage} of \pageref{LastPage}. \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}} \\ \SetRowColor{white} \vspace{-5pt} %\includegraphics[width=48px,height=48px]{dave.jpeg} Measure your website readability!\\ www.readability-score.com \end{tabulary} \end{multicols}} \begin{document} \raggedright \raggedcolumns % Set font size to small. Switch to any value % from this page to resize cheat sheet text: % www.emerson.emory.edu/services/latex/latex_169.html \footnotesize % Small font. \begin{multicols*}{2} \begin{tabularx}{8.4cm}{x{3.76 cm} x{4.24 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Venture Capital Deal Types}} \tn % Row 0 \SetRowColor{LightBackground} {\bf{Angel}} & An initial stage of funding provided by angel investors, typically friends, relatives or individual entrepreneurs. \tn % Row Count 6 (+ 6) % Row 1 \SetRowColor{white} {\bf{Seed}} & The first stage of venture capital financing by a professional VC firm, typically a small investment in a very early-stage company that has usually not yet established commercial operations. \tn % Row Count 16 (+ 10) % Row 2 \SetRowColor{LightBackground} {\bf{Series A}} & Series A Preferred Stock leads on from the Angel/Seed Stages, and is the first significant round of venture funding where Series A preferred stock is offered by a portfolio company to the venture capitalist. Series A preferred stock is convertible into common stock in certain cases such as an IPO or the sale of the company. \tn % Row Count 32 (+ 16) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{8.4cm}{x{3.76 cm} x{4.24 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Venture Capital Deal Types (cont)}} \tn % Row 3 \SetRowColor{LightBackground} {\bf{Series B, Series C, and onwards}} & A mid-stage second round of financing provided by venture capitalists, typically once a company has accomplished certain milestones in developing its business. Successive rounds are then termed Series C, Series D and so forth, each offering preferred stock and typically once a company has accomplished milestones set out. \tn % Row Count 16 (+ 16) % Row 4 \SetRowColor{white} {\bf{Growth Capital/Expansion}} & A later-stage venture capital round in companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business. \tn % Row Count 27 (+ 11) % Row 5 \SetRowColor{LightBackground} {\bf{Pre-IPO}} & An investment into a company that is set to complete its IPO in the near future, often at a discounted price relative to expected IPO pricing amount. \tn % Row Count 35 (+ 8) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{8.4cm}{x{3.76 cm} x{4.24 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Venture Capital Deal Types (cont)}} \tn % Row 6 \SetRowColor{LightBackground} {\bf{Venture Debt}} & A type of debt financing provided to venture-backed companies by a specialized financier to fund working capital or capital expenses. Venture debt providers combine their loans with warrants or rights to purchase equity, to compensate for the higher risk of lending. \tn % Row Count 13 (+ 13) % Row 7 \SetRowColor{white} {\bf{Unspecified Round}} & A venture financing round where the stage/series has not been disclosed. \tn % Row Count 17 (+ 4) % Row 8 \SetRowColor{LightBackground} {\bf{Add-on}} & When a venture-backed company acquires another smaller company, or the assets of another company. This is typically to consolidate their market position, or acquire proprietary technologies from competitors, and often involves acquiring smaller rivals. \tn % Row Count 29 (+ 12) % Row 9 \SetRowColor{white} {\bf{PIPE}} & (Private Investment in Public Equity) An investment made by a VC firm into a public company, which remains public post-investment. \tn % Row Count 36 (+ 7) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{8.4cm}{x{3.76 cm} x{4.24 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Venture Capital Deal Types (cont)}} \tn % Row 10 \SetRowColor{LightBackground} {\bf{Secondary Stock Purchase}} & Where part or all of an investor's stake in a VC-backed company is acquired directly from a shareholder/investor, rather than purchasing stock from the company. \tn % Row Count 8 (+ 8) % Row 11 \SetRowColor{white} {\bf{Grant}} & An award of financial assistance, typically by a government, to an eligible grantee with no expectation that the funds will be paid back. This can be determined by the type of investor – private equity firms should not be tagged in grant financings. \tn % Row Count 20 (+ 12) % Row 12 \SetRowColor{LightBackground} {\bf{Merger}} & Where a VC-backed company merges with another company to form a new entity. \tn % Row Count 24 (+ 4) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{5.44 cm} x{2.56 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Is this trackable as a VC deal?}} \tn % Row 0 \SetRowColor{LightBackground} Unspecified round + PE firm & Track \tn % Row Count 1 (+ 1) % Row 1 \SetRowColor{white} Unspecified round + LP & Track \tn % Row Count 2 (+ 1) % Row 2 \SetRowColor{LightBackground} Unspecified round + Normal Company investor & Not Track \tn % Row Count 4 (+ 2) % Row 3 \SetRowColor{white} PE firm + Series A & Track \tn % Row Count 5 (+ 1) % Row 4 \SetRowColor{LightBackground} Series A + LP & Track \tn % Row Count 6 (+ 1) % Row 5 \SetRowColor{white} Series A+ Normal Company investor & Track \tn % Row Count 8 (+ 2) % Row 6 \SetRowColor{LightBackground} Series A + unspecified investor & Track \tn % Row Count 10 (+ 2) % Row 7 \SetRowColor{white} Individual angel investors & Track, Low priority \tn % Row Count 12 (+ 2) % Row 8 \SetRowColor{LightBackground} Accelerator/incubator programme & Not Track \tn % Row Count 14 (+ 2) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{2.8 cm} x{5.2 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Venture Capital Exits}} \tn % Row 0 \SetRowColor{LightBackground} {\bf{IPO}} & (Initial Public Offering) A company is listed on the stock exchange. Otherwise known as a flotation. \tn % Row Count 4 (+ 4) % Row 1 \SetRowColor{white} {\bf{Sale to GP}} & A VC-backed company is sold to another private equity/venture capital firm. \tn % Row Count 7 (+ 3) % Row 2 \SetRowColor{LightBackground} {\bf{Sale to Management}} & The management of the portfolio company buy it from the venture capital firm. \tn % Row Count 10 (+ 3) % Row 3 \SetRowColor{white} {\bf{Trade Sale}} & The company is sold to another company. \tn % Row Count 12 (+ 2) % Row 4 \SetRowColor{LightBackground} {\bf{Write Off}} & The portfolio company discontinues operations and goes into liquidation, with the result that the PE firm no longer has a stake in an operating entity. Equivalent to Chapter 7 in US bankruptcy law. \tn % Row Count 20 (+ 8) % Row 5 \SetRowColor{white} {\bf{Restructuring}} & A company restructures its debt, often leading to the investors ceding control of the company to the debt providers. Equivalent to Chapter 11 in US bankruptcy law. \tn % Row Count 27 (+ 7) % Row 6 \SetRowColor{LightBackground} {\bf{Private Placement}} & VC firm sells shares in a public portfolio company. \tn % Row Count 29 (+ 2) % Row 7 \SetRowColor{white} {\bf{Recapitalisation}} & VC firm sells a stake in the portfolio company to another company as part of a merger of operations. \tn % Row Count 33 (+ 4) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{5.6 cm} x{2.4 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{VC Funding Rounds Terminology}} \tn % Row 0 \SetRowColor{LightBackground} \seqsplit{エンジェルラウンド・エンジェルシリーズ} & Angel Stage \tn % Row Count 3 (+ 3) % Row 1 \SetRowColor{white} シードラウンド & Seed Round \tn % Row Count 4 (+ 1) % Row 2 \SetRowColor{LightBackground} シリーズA/B/C...H ラウンド & Series A/B/C...H \tn % Row Count 6 (+ 2) % Row 3 \SetRowColor{white} プレシリーズA & Pre-series A \tn % Row Count 7 (+ 1) % Row 4 \SetRowColor{LightBackground} \seqsplit{成長支援・資金・グロース} & Growth /Expansion \tn % Row Count 9 (+ 2) % Row 5 \SetRowColor{white} プレIPO & Pre-IPO \tn % Row Count 10 (+ 1) % Row 6 \SetRowColor{LightBackground} 補助金・助成金 & Grant \tn % Row Count 11 (+ 1) % Row 7 \SetRowColor{white} 融資・ローン \seqsplit{・借入・新株予約権} \seqsplit{・J-KISS型新株予約権発行} & Venture Debt \tn % Row Count 14 (+ 3) % Row 8 \SetRowColor{LightBackground} 合併・経営統借入 & Merger \tn % Row Count 15 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{7.2 cm} p{0.8 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Useful Links for VC Deals}} \tn % Row 0 \SetRowColor{LightBackground} VC Deal Descriptions & link \tn % Row Count 1 (+ 1) % Row 1 \SetRowColor{white} Venture Capital Deals Japan Powerpoint & link \tn % Row Count 3 (+ 2) % Row 2 \SetRowColor{LightBackground} Japanese and English Glossary & link \tn % Row Count 4 (+ 1) % Row 3 \SetRowColor{white} Deals Acceptance Criteria - 21 Apr 2023 & link \tn % Row Count 6 (+ 2) % Row 4 \SetRowColor{LightBackground} Venture Capital Inclusion Criteria & link \tn % Row Count 7 (+ 1) % Row 5 \SetRowColor{white} New Rulings Documentation & link \tn % Row Count 8 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{6.96 cm} p{1.04 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Is this Trackable as a VC deal?}} \tn % Row 0 \SetRowColor{LightBackground} Unspecified round + PE firm & Track \tn % Row Count 1 (+ 1) % Row 1 \SetRowColor{white} Unspecified round + LP & Track \tn % Row Count 2 (+ 1) % Row 2 \SetRowColor{LightBackground} Unspecified round + normal company & Track \tn % Row Count 3 (+ 1) % Row 3 \SetRowColor{white} Series A+ PE firm & Track \tn % Row Count 4 (+ 1) % Row 4 \SetRowColor{LightBackground} Series A + LP & Track \tn % Row Count 5 (+ 1) % Row 5 \SetRowColor{white} Series A+ corporate & Track \tn % Row Count 6 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} % That's all folks \end{multicols*} \end{document}