Early stage

Definition:

In context of private equity, the state of a company after the seed stage but before middle state (generating revenues). Typically, a company in early stage will have a core mangement team and a proven concept or product, but no positive cash flow.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Shakeout

A dramatic change in market conditions that forces speculators to sell their positions, often at a loss.

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