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Carried interest

Form of incentive responsible for venture capital when the returns they offer to their own shareholders exceeds a certain level (called "hurdle rate").

Clause de relution ("Rachet")

They correct the initial input of capital to investors. In the event of future fundraising events on a valuation lower than those applied to the initial investors, the latter shall be entitled to subscribe for or receive a token amount, a number of actions that allows them to adjust their level participation in the latest proposed development.

Closing

Finalization of the investment business with the signing of the pact and check.