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    <loc>https://glossary.rundit.com/en/articles/9755522-cliff</loc>
    <lastmod>2024-08-19T08:09:15Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755523-closing</loc>
    <lastmod>2024-08-19T08:10:00Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755525-co-investment</loc>
    <lastmod>2024-08-19T08:10:36Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755526-collateral</loc>
    <lastmod>2024-08-19T08:11:14Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755529-conversion-ratio</loc>
    <lastmod>2024-08-19T08:11:53Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755532-convertible-bond</loc>
    <lastmod>2024-08-19T08:12:38Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755537-convertible-loan</loc>
    <lastmod>2024-08-19T08:13:45Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755540-convertible-preferred-stock</loc>
    <lastmod>2024-08-19T08:14:34Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755542-convertibles</loc>
    <lastmod>2024-08-19T08:15:42Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755545-corporate-venture-capital</loc>
    <lastmod>2024-08-19T08:16:51Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755546-covenant</loc>
    <lastmod>2024-08-19T08:19:00Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755548-crowdfunding</loc>
    <lastmod>2024-08-19T08:20:55Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755555-deal-lead</loc>
    <lastmod>2024-08-19T08:22:39Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755560-deal-structure</loc>
    <lastmod>2024-08-19T08:29:07Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755565-debt-financing</loc>
    <lastmod>2024-08-19T08:30:39Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755571-deck-aka-pitch-deck</loc>
    <lastmod>2024-08-19T08:36:03Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755575-dilution</loc>
    <lastmod>2024-08-19T08:36:56Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755577-discounted-convertible-loan</loc>
    <lastmod>2024-08-19T08:37:41Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755580-diversification</loc>
    <lastmod>2024-08-19T08:39:00Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755581-double-bottom-line</loc>
    <lastmod>2024-08-19T08:43:38Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755594-down-round</loc>
    <lastmod>2024-08-19T08:44:32Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755608-drip-feed</loc>
    <lastmod>2024-08-19T08:58:03Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755640-dry-powder</loc>
    <lastmod>2024-08-19T09:12:52Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755644-due-diligence</loc>
    <lastmod>2024-08-19T09:13:38Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755647-earnings-before-interest-taxes-depreciation-and-amortization-ebitda</loc>
    <lastmod>2024-08-19T09:14:23Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755648-economies-of-scale</loc>
    <lastmod>2024-08-19T09:15:05Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755651-employee-stock-option-plan-esop</loc>
    <lastmod>2024-08-19T09:15:44Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755652-equity-financing</loc>
    <lastmod>2024-08-19T09:18:16Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755659-executive-summary</loc>
    <lastmod>2024-08-19T09:19:39Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755660-exit</loc>
    <lastmod>2024-08-19T09:20:28Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755661-expansion-stage</loc>
    <lastmod>2024-08-19T09:21:03Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755662-expenses</loc>
    <lastmod>2024-08-19T09:21:44Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755663-first-round-financing</loc>
    <lastmod>2024-08-19T09:22:23Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755666-flat-round</loc>
    <lastmod>2024-08-19T09:23:02Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755670-flip</loc>
    <lastmod>2024-08-19T09:23:49Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755672-founders-agreement</loc>
    <lastmod>2024-08-19T09:24:23Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755674-friends-family-round</loc>
    <lastmod>2024-08-19T09:25:01Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755675-golden-handcuffs</loc>
    <lastmod>2024-08-19T09:25:51Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755677-golden-parachute</loc>
    <lastmod>2024-08-19T09:26:29Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755678-hockey-stick</loc>
    <lastmod>2024-08-19T09:27:03Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755682-holding-company</loc>
    <lastmod>2024-08-19T09:27:39Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755684-hurdle-rate-preferred-return</loc>
    <lastmod>2024-08-19T09:28:41Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755690-illiquid-investment</loc>
    <lastmod>2024-08-19T09:29:59Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755694-income-statement</loc>
    <lastmod>2024-08-19T09:30:32Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755695-information-rights</loc>
    <lastmod>2024-08-19T09:31:14Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755697-institutional-investors</loc>
    <lastmod>2024-08-19T09:31:50Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755699-intellectual-property</loc>
    <lastmod>2024-08-19T09:32:32Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755701-internal-rate-of-return-irr</loc>
    <lastmod>2024-08-19T09:33:47Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755703-investment-round</loc>
    <lastmod>2024-08-19T09:34:19Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755704-j-curve</loc>
    <lastmod>2024-08-19T09:34:58Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755708-key-employees</loc>
    <lastmod>2024-08-19T09:36:11Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755713-leverage</loc>
    <lastmod>2024-08-19T09:37:09Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755717-leveraged-buyout-lbo</loc>
    <lastmod>2024-08-19T09:38:21Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755719-liquidation</loc>
    <lastmod>2024-08-19T09:38:59Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755722-liquidation-preference</loc>
    <lastmod>2024-08-19T09:39:44Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755724-liquidation-waterfall</loc>
    <lastmod>2024-08-19T09:40:23Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755725-liquidity-event</loc>
    <lastmod>2024-08-19T09:41:05Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755728-lock-up-period</loc>
    <lastmod>2024-08-19T09:41:46Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755730-management-fee</loc>
    <lastmod>2024-08-19T09:42:27Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755734-management-team</loc>
    <lastmod>2024-08-19T09:43:25Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755743-market-capitalization</loc>
    <lastmod>2024-08-19T09:45:43Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755748-valuation</loc>
    <lastmod>2024-08-19T09:45:28Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755754-minimum-viable-product</loc>
    <lastmod>2024-08-19T09:47:01Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755756-net-income</loc>
    <lastmod>2024-08-19T09:47:48Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755759-no-shop-no-solicitation-clauses</loc>
    <lastmod>2024-08-19T09:48:31Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755760-non-compete-agreement</loc>
    <lastmod>2024-08-19T09:49:10Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755762-non-disclosure-agreement-nda</loc>
    <lastmod>2024-08-19T09:52:01Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755766-non-solicitation-agreement</loc>
    <lastmod>2024-08-19T09:52:39Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755767-operating-budget</loc>
    <lastmod>2024-08-19T09:53:17Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755771-option-option-agreement</loc>
    <lastmod>2024-08-19T09:54:13Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755773-pari-passu</loc>
    <lastmod>2024-08-19T09:55:12Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755777-pipeline</loc>
    <lastmod>2024-08-19T09:55:49Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755783-pivot</loc>
    <lastmod>2024-08-19T09:57:28Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755784-portfolio</loc>
    <lastmod>2024-08-19T09:58:15Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755787-portfolio-companies</loc>
    <lastmod>2024-08-19T09:58:56Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755789-post-money-cap-table</loc>
    <lastmod>2024-08-19T09:59:37Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755790-post-money-valuation</loc>
    <lastmod>2024-08-19T10:00:13Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755792-pre-emptive-right</loc>
    <lastmod>2024-08-19T10:00:52Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755793-preferred-dividend</loc>
    <lastmod>2024-08-19T10:01:28Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755796-private-company</loc>
    <lastmod>2024-08-19T10:02:06Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755801-private-equity</loc>
    <lastmod>2024-08-19T10:04:07Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755862-private-placement</loc>
    <lastmod>2024-08-19T10:40:07Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755864-private-placement-memorandum</loc>
    <lastmod>2024-08-19T10:40:40Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755868-pro-rata</loc>
    <lastmod>2024-08-19T10:41:55Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755871-proof-of-concept</loc>
    <lastmod>2024-08-19T10:43:07Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755874-representations-and-warranties</loc>
    <lastmod>2024-08-19T10:43:55Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755880-retained-earnings</loc>
    <lastmod>2024-08-19T10:44:40Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755883-return-on-investment-roi</loc>
    <lastmod>2024-08-19T10:45:21Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755884-reverse-vesting</loc>
    <lastmod>2024-08-19T10:46:13Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755890-scalability</loc>
    <lastmod>2024-08-19T10:47:04Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755891-secondary-sale</loc>
    <lastmod>2024-08-19T10:48:01Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755893-securities</loc>
    <lastmod>2024-08-19T10:50:38Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755894-seed-capital</loc>
    <lastmod>2024-08-19T10:51:41Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755899-seed-round</loc>
    <lastmod>2024-08-19T10:52:33Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755900-seed-stage</loc>
    <lastmod>2024-08-19T10:53:15Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755902-series-a-round</loc>
    <lastmod>2024-08-19T10:53:51Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755905-series-b-c-d-rounds</loc>
    <lastmod>2024-08-19T10:54:46Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755907-shareholders-agreement</loc>
    <lastmod>2024-08-19T10:55:22Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755908-shares-common-stock</loc>
    <lastmod>2024-08-19T10:56:14Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755910-preferred-stock</loc>
    <lastmod>2024-08-19T10:56:59Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755911-share-premium</loc>
    <lastmod>2024-08-19T10:57:30Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755912-dividend</loc>
    <lastmod>2024-08-19T10:58:17Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755916-simple-agreement-for-future-equity-safe</loc>
    <lastmod>2024-08-19T10:58:58Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755918-soft-landing</loc>
    <lastmod>2024-08-19T10:59:39Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755921-spray-and-pray</loc>
    <lastmod>2024-08-19T11:00:19Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755924-stock-option-pool</loc>
    <lastmod>2024-08-19T11:01:00Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755926-stock-options</loc>
    <lastmod>2024-08-19T11:01:40Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755928-sweat-equity</loc>
    <lastmod>2024-08-19T11:02:22Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755934-syndication</loc>
    <lastmod>2024-08-19T11:03:07Z</lastmod>
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  <url>
    <loc>https://glossary.rundit.com/en/articles/9755936-tag-along-drag-along</loc>
    <lastmod>2024-08-19T11:04:23Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755939-term-sheet</loc>
    <lastmod>2024-08-19T11:05:02Z</lastmod>
  </url>
  <url>
    <loc>https://glossary.rundit.com/en/articles/9755941-trademark</loc>
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  <url>
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    <lastmod>2024-08-19T11:06:38Z</lastmod>
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  <url>
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  <url>
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