
BDM Capital · Blog & News
The Financial Funding Blog
News and plain-English insight on raising capital, bonds, loan notes and IPOs, from BDM Capital. New articles every day.
Latest article
Pre-money, post-money and dilution in plain English
Read the article →: Pre-money, post-money and dilution in plain EnglishPre-money, post-money and dilution explained simply, with a worked example of how an option pool changes what founders own.
Latest news & articles

Three documents, one story: make your numbers agree
Your deck, model and accounts should tell one story. A simple test to make your numbers agree before an investor checks them for you.

Quick test: could your business issue a bond?
Ten yes/no questions to check whether your business could issue a bond, and what your score says about the next step.

Why I start with the exit, not the raise
Why I ask founders to start with the exit, not the raise: how the money comes back shapes how it should go in.

Cap table red flags that make investors hesitate
Seven cap table red flags that make investors pause, and how to fix your share register before you raise.

Myth: SEIS and EIS mean investors will say yes
SEIS and EIS make investing more attractive, but they do not turn a weak business case into a strong one.

Scenario: a £2m loan note, from first call to first coupon
An illustrative walk-through of a £2m loan note, from the first conversation to the first coupon payment.

Coupon, yield and maturity: bond terms in plain English
A plain English glossary of the bond terms every company considering a bond issue should understand.

18 months of runway: why investors use it as a yardstick
Why many investors look for 18 months of runway after a raise, how to work out yours, and when the rule does not fit.

Are you ready to raise? A ten-question self-check
Ten yes-or-no questions to tell you whether you are ready to raise, and what to do next based on your score.

What twenty years of loan notes taught me about trust
Twenty years of loan notes and bonds taught me that trust is built by doing what you said, on the day you said it.

About the author
Mark Johnson, Founder of BDM Capital. Twenty years raising debt and equity, from loan notes and bonds to IPOs.
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Topics
- Bonds (9)
- Company news (2)
- Documentation and diligence (7)
- IPOs (6)
- Loan notes (8)
- Raising capital (18)
- SEIS and EIS (7)
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