Later stage

Definition:

In context of private equity, the state of a company that has proven its concept, achieved significant revenues compared to its competition and is approaching cash flow break even or positive net income. A later stage company is usually about 6 to 12 months away from a liquidity event such as an IPO or buyout.

Investing Essentials


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

Term of the Day

Deferred annuities

Tax-advantaged life insurance products. Deferred annuities offer deferral of taxes with the option of withdrawing one's funds in the form of a life annuity.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio