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What is a Convertible Note?

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What is a Convertible Note?

Despite prodigious growth for years, tech investment hasn’t slowed down an iota, and that seems unlikely to change anytime soon. That economic boom is good for just about everyone, but it’s especially good for smart startup founders. The level of demand – and the opportunity for a success on the scale of the next Google or TikTok – means that founders have more leverage than ever before. And while there isn’t a singular investment method that’s going to be right for every startup, convertible notes are one of the more promising options. Here’s everything you need to know.

A Promise That Gives Founders More Control

An inaccurate valuation can be the death knell for a young startup. If it’s valued too low, you can’t get the resources you need to get your project off the ground. If it’s valued too high, it’s very likely that you’ll be setting yourself up for expectations that you can’t reasonably meet. Convertible notes skirt that issue by sidestepping the issue of a valuation entirely. There’s a lot of instances where that can be game-changing. Consider how many startups began as simply an idea, or how many have turned into giant businesses that continue to be highly successful presences while still not returning profits years later.

Convertible notes aren’t investments. Instead, they’re simply loans, but loans that are paid back as equity in the company. A convertible note will also typically come with interest which is then paid back to the investor as equity as well. The valuation will then happen in preparation of the first round of financing, where the person who invested in the convertible note will be given preferential treatment for investors. And while an investor won’t get the same sort of control they might with stock straight out of the gate, a convertible note comes with some distinct advantages. 

Primary among these are the valuation cap and discount rate. The valuation cap increases the likelihood of generous investment for startups that find momentum early. It creates a ceiling for the price of equity conversion and in doing so can provide a huge payoff for convertible note investors. The discount rate offers an extra incentive for investing early by giving convertible notes priority in the first round of investment.

The Advantages of a Convertible Note

Pushing the question of valuation down the road while your startup gets its footing is a huge benefit in its own right, but it’s only one facet of an increasingly popular form of fundraising. For one, it gives the founder a whole lot more freedom to run their company the way they want. Since the convertible note transaction is purely financial, you don’t have to worry about losing control of your company’s decision-making to early investors who negotiated for preferred stocks. That’s especially worrying early in the life of a startup’s career. The last thing you need is your passion project being overtaken by vultures who are simply looking to pump and dump their stocks.

Moreover, convertible notes are a great choice simply because of how simple they are. There are really only two factors to consider – the valuation cap and the discount rate – and that means that you won’t have to spend long and complex negotiations figuring out exactly what stock preferences each investor will get. It also does away with – or at least forestalls – the need to negotiate a valuation.

All told, convertible notes are a great choice for startups who are still figuring out the essentials. It can also be a good complement to a more robust and traditional valuation and investment cycle. A convertible note is just one of many ways to draw investors to your startup, but it can be one of the most valuable when utilized correctly.

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Helping The Businesses And Candidates To Grow With The Best Recruitment Agency!

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Helping The Businesses And Candidates To Grow With The Best Recruitment Agency!

Recruiting good and well-versed candidates is a very important task for any business or company. The success of a company is based on the type of candidates it hires. It is vital for every workplace to have a strong team of potential and efficient employees that will contribute to the growth of the company. This is where a recruitment agency comes into the picture as it helps in finding the best candidates based on the company’s requirements and job profiles. A recruitment agency acts as a link between a company and a job seeker. It intermediates the relation between someone who is looking to hire and someone who is looking for employment opportunities. The basic and most important task of the recruitment agency is to find suitable candidates who fit well in the positions available in a company and help the company grow positively. Keep reading further to know about the recruitment agency that provides great opportunities and positions for recruitment.

Excellent Recruitment Opportunities By Scion Technical Staffing

Recruitment is not limited to any one particular field and recruitment agencies are in high demand in every sphere of the market world as everyone aims at having the best of the candidates. While talking about agencies that provide great recruitments, Scion Technical Staffing ranks our list of recruitment provided by IT Staff Agencies. The company swears by their tech recruiting success and credits their unwavering commitment, excellence, dedication and passion for technology as the reason behind it. As one of the best IT Staff Agencies it guarantees the best and most creative candidates that are impossible to find through any other sources. Scion enjoys its fame of earning a place in the Business Times as well as in The Forbes under the category of Best Executive Recruiting Firms in The World. Scion not only helps in choosing the right candidate but also extends its support and guidance to help you navigate through the entire recruitment process. It swears by finding and securing the best talent for you. Thus, it is no doubt that Scion Technical Staffing is indeed the best among the various IT Staff Agencies available on the web. 

Different Areas Of Recruitment Provided By The IT Recruiter

Scion Technical Staffing deals with various areas to provide the right and truly potential candidates for your company. The IT Recruiter recruits for all the US cities in areas such as Technological Leadership, Marketing, Project Management & Operations, Engineering, Data & Analytics, Creative, Web & Applications, Network, Support & Hardware, Technology Sales and Other Specialities. Thus, Scion truly justifies being the best among the various tech staffing agencies for its commitment, support and dedication in providing the best recruits. Apart from providing recruitment in the above mentioned areas, it also provides an array of specialization in areas such as Cloud Computing, Engineering, Data, IT Security and many more such technical areas which have gained quite a lot of popularity and importance in the technical world. Scion Technical Staffing is the most popular choice among the tech staffing agencies as it employs the best and connects the clients with the extremely motivated, pre-screened and highly talented tech professionals.

To Conclude

Scion Technical Staffing is the best IT Recruiter if you need extraordinary talent to hire for either contractual basis, permanent job or for executive functions. Scion is indeed a critical need for expanding organizations and corporations and ensuring their complete success as it strives to provide with the best and most efficient tech professionals which are impossible to find on the web or in any other recruitment agencies. Thus, Scion truly is a champion in the field of recruitment agencies!

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Choosing the Best Containers for Shipping

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Choosing the Best Containers for Shipping

Planning and organizing shipping is a rather complicated and time-consuming process. The greater part of business owners wants to deliver their goods as soon as possible. No wonder, they often choose the first quotes they find on the Internet. It’s not a good idea while you have to consider lots of details in order to receive our goods not only on time but also intact.

Alongside selecting the proper mode of transportation, it’s necessary to pay attention to the available types of shipping containers. There is a big misconception that it’s just enough to place your items in a standard box, and the parcel will be delivered safely and soundly. The right choice of shipping container is a key element of trouble-free transportation.
A competent and experienced freight forwarder knows for sure that peculiar cargo requires a peculiar container. No wonder, when you cooperate with professionals, you are to choose among the following variations:


●Standard sample.

The standardized sizes of the model are 20 and 40 feet. Yet, the capacity of the items can vary from operator to operator. You may order this variant if you deal with standard cargo. The content is protected against water and dirt;


● Reefer.

This variation is good for shipping cargo that requires temperature control. The most common model comes in 20 feet. Yet, it’s also possible to find 40 feet alternatives;


●Open top.

This type possesses unique characteristics. It is open at the top and covered with a tarp whenever possible. It’s extremely popular in machinery;


●Double door.

Such models have doors on both ends. The samples are very convenient. They encourage fast downloading and uploading processes;


●Pallet wide.

It’s an ideal way out if you need to transport non-standard items. This type allows keeping the cargo tight, so there is almost no chance of cargo slipping;


●Flat rack.

Delivering pipes, machinery components, or busses may be challenging unless you use this kind of tub. It has sides only on the short end of the sample;


●Side door.

This model has doors on the long side of the tub. It’s very convenient to deal with heavy items. The construction gives full access to the content;


Tanks.

They are applied when it’s necessary to transport liquids. It’s better to select models which are made of anti-corrosive materials;


Hardtop.

This variation has points through which a forklift can lift the roof;


Insulated.

This variant is often used when it comes to expedited shipping of perishable goods such as edibles.


●One-trip.

It’s about new samples. You get not only the freight but a new container. It’s possible to sell it later.

Moreover, each of the above-mentioned types may come in various sizes. It’s possible to meet the needs of any business. It’s better to prefer top-quality and reliable models to protect the content.
To sum it up, the importance of the right choice of containers should be highlighted once more time. They are a must for effective and loss-free logistics. If you can’t choose the needed options on your own, you may cooperate with leading freight forwarders. They are to provide you with the best logistics solutions no matter how complicated your order is.

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Aroundtown inclusion in S&P Europe 350 ESG Index

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Aroundtown inclusion in S&P Europe 350 ESG Index

As Germany’s largest commercial real estate company, Aroundtown already has a strong track record in terms of global capital markets. This has largely been due to the leadership & guidance provided by the strong management team.

As announced by S&P Dow Jones Indices, Aroundtown will be included in the S&P Europe 350 ESG Index, effective as of May 3rd, 2021. The S&P Europe 350 ESG Index is based on the S&P Europe 350 Index, of which Aroundtown was already a component. The S&P Europe 350 Index aims to provide a broad-based market index that is balanced between GICS industry diversification, country diversification and selects companies with high stock liquidity and free-float market cap. The ESG Index is a broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the S&P Europe 350.

 For the ESG index a further selection is made which excludes companies based on certain ESG related criteria. Companies whose business activities are significantly related to thermal coal, tobacco and controversial weapons are excluded. Furthermore, companies with low United Nations Global Compact (UNGC) Scores and companies with low ESG scores in comparison to their overall industry, as determined by S&P Down Jones Indices’ subsidiary SAM, are excluded. Weight in the index is based on free-float market cap.

Aroundtown’s inclusion follows its rating by SAM in November of 2020, where Aroundtown was ranked in the 75th percentile among peers, which reflected in particular Aroundtown’s leading position in regard to the Codes of Business Conduct and Human Rights, where it is well ahead of peers.

Its inclusion in the S&P Europe 350 ESG Index is further validation of Aroundtown’s commitment to sustainability and its focus on best practices related to environmental, social and governance issues. In addition to its new inclusion, Aroundtown is already a component of other key ESG related indices, such as the DAX 50 ESG, GPR ESG+ and GPR IPCM LFFS Sustainable GRES.

Aroundtown is the largest commercial real estate company in Germany and 4th largest in Europe (based on market cap). Aroundtown invests in income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. The focus of Aroundtown’s business model is buying, repositioning, and optimizing office and hotel properties. This goes hand-in-hand with sustainability values highlighted by S&P Europe 350 ESG Index – by extracting value from existing properties, Aroundtown supports the transition to a low-carbon and resource-efficient economy.

Aroundtown was developed by by Yakir Gabay  יקיר גבאי before becoming publicly traded a decade later on the Euronext Stock Exchange, Frankfurt Stock Exchange and joined the MDAX index. Avisco (controlled by Yakir Gabay  יקיר גבאי) holds 10% of the company Aroundtown followed by Blackrock at 5%. Other shareholders include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Aliance-Bernstein, Dekabank, State-Street, bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union-Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.

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