News & Commentary
Transaction Tuesdays - The APA, Purchase and Sale; Assumption of Liabilities
In our last Transaction Tuesdays post, we continued a section by section analysis of an asset purchase agreement (APA) with a discussion of the importance of the ‘Definitions’ section. Today, we will cover the ‘Purchase and Sale o...Tags: M&A, Transaction Tuesdays, Asset Purchase Agreement, APA, Acquisiton, Mike Firmage
Continue reading | Posted by Horizon Principals on December 07, 2010
Transaction Tuesdays - The Asset Purchase Agreement (APA), Definitions
In our last Transaction Tuesdays post, we began a section by section analysis of an Asset Purchase Agreement (APA) using a genericized composite of deal docs we've used in past sell-side deals. In our first post of the series, we c...Tags: M&A, Transaction Tuesdays, Asset Purchase Agreement, APA, Definitions
Continue reading | Posted by Horizon Principals on November 30, 2010
Mobile-Native Network Effects
The extremely successful entrepreneur and venture investor Peter Thiel recently downplayed the opportunity for innovation on the mobile Internet, noting “The Yelp of cellphones will be Yelp, the Google of cellphones will be Google.” We t...Tags: Mobile Apps
Continue reading | Posted by Horizon Principals on November 24, 2010
5 Things to Know about Mobile App Innovation
1. Apple is where it’s at – We have talked with hundreds of mobile app companies across all verticals, and they all confirm that Apple’s App Store is where the money is being made in mobile. 2. Android...Tags: Mobile Apps
Continue reading | Posted by Horizon Principals on November 20, 2010
Transaction Tuesdays - The Asset Purchase Agreement (APA), Recitals
In our last Transaction Tuesdays post, we completed our discussion of the net working capital adjustment. Parts I, II, and III of the series defined net working capital (Part I), identified why such an adjustment exists (Part II), ...Tags: M&A, Transaction Tuesdays, Recitals, Asset Purchase Agreement, APA
Continue reading | Posted by Horizon Principals on November 09, 2010
Transaction Tuesdays - The NWC Adjustment, Part III
This week we wrap our net working capital (NWC) series with a discussion of a common pitfall that sellers should guard against when negotiating a working capital adjustment. A deferred revenue liability, if improperly considered in...Tags: M&A, Transaction Tuesdays, Net Working Capital, Deferred Revenue, GAAP
Continue reading | Posted by Horizon Principals on October 26, 2010
5 Simple Things Every Entrepreneur Should Do
We interact with great, entrepreneur-driven companies all the time. They have a product that creates value for customers, they make money, they are growing...they have the hardest stuff figured out. But frequently these compa...Tags: M&A
Continue reading | Posted by Horizon Principals on October 21, 2010
Transaction Tuesdays - The NWC Adjustment, Part II
This week we pick back up Part II of our net working capital discussion with a question: is it possible for a seller to drain his company of cash just before transaction close? If so, when and how can he do it?Last week we be...Tags: M&A, Neutron Interactive, EnticeLabs, Transaction Tuesdays, Net Working Capital, Deferred Revenue
Continue reading | Posted by Horizon Principals on October 19, 2010
Mixergy Interview Up
Horizon's Sandy Kory was recently interviewed in Mixergy.com, a resource site for entrepreneurs. Here is the link: http://mixergy.com/sandy-kory-horizon-interview/Tags:
Continue reading | Posted by Horizon Principals on October 19, 2010
For Yahoo, Better Late Than Never
According to the WSJ, Yahoo will soon offer their own version of Facebook Connect. This is in line with recent whispers we have heard about Yahoo's social strategy. With Y Connect, users could register with and log into med...Tags:
Continue reading | Posted by Horizon Principals on October 18, 2010
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Horizon Partners is a boutique financial advisory firm serving companies in digital media, software, and related growth sectors. Horizon provides advisory services to help companies raise capital and execute mergers and acquisitions.
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