Accredited Investor

Net operating income (NOI) is a formula real estate investors use to determine the profitability of a potential real estate investment or other investment. The net operating income formula subtracts your annual gross operating income from your annual operating expenses to see how much cash flow a property or business generates.

Treasury stock is the portion of shares that a company itself owns. It’s separate from any shares being owned by investors, including individuals who are officers or employees of the company.

A down round happens when a startup sells its shares at a lower price than what it sold them for in previous rounds of financing. As the share price is lower than last time, it’s called a “down round”.