S – Boodle Hatfield – Drive.law

ROCE Return On Capital Employed. ... read more

S&M Sales and Marketing. See Undistributed Operating Expenses. ... read more

Seed Capital The initial capital used when starting a business, often coming from the Founders’ resources and a Friends and Family Round, used to cover initial operating expenses, demonstrate Proof of Concept, develop the Bus... read more

Seed Enterprise Investment Scheme (SEIS) A popular HMRC scheme introduced in 2012 designed to promote Equity investment in start-up businesses. SEIS provides investors with tax reliefs which are even more generous than those offered by its older brother, ... read more

Seed Investor Investors who provide equity funding in a company’s Seed Rounds. Seed Investors might also be Angel Investors. ... read more

Seed Rounds Equity funding rounds carried out by a company during its early stages after its initial Bootstrapping and Friends and Family Round. By the time a seed stage company is carrying out its Seed Rounds, it has normally demonstrated Proof o... read more

Series A Round Following Seed Rounds, a company’s first significant Equity funding from a VC or Angel Investors. Often the Series A Round investors will want Preferred Shares and various investor protections and&... read more

Series B Round Following a Series A Round, the second round of Equity funding for a company. The business will be expected to have achieved performance and development milestones and have a clear path to profitability. Series C and Series ... read more

Share Option A right to purchase shares in a company in the future at a given price, the Exercise Price. Share Options are often used to incentivise key employees (see EMI Option). Share Options may be subject to a Vesting, meaning that ... read more

Shareholders’ Agreement An agreement between the shareholders of a company which sets out their rights and obligations of the shareholders and of the company. A Shareholders’ Agreement will contain Consent Rights, Restrictive Covenants, Deadlock&... read more