 pointed out, art is hardly limited by mediums. Another competition new to the fair this year is putting that mantra to the test.
The event is called “Tablescaping” and will debut this year according to a press release from Wilson Rides Inc. Executive Director Gaye Lynn Wilson.
Wilson hopes the new competition will showcase just how far people are willing to go to set nice plates and saucers for the honor of “Best of Show”, “Blue Ribbon” or “People’s Choice” award.
While any theme for the design is left up to the creator, the rules governing the competitions dictate that each table setting must include a menu, six place settings and follow guidelines for proper table settings.
Besides the decor and the menu, participants are also judged for how well their table is set, by a team of judges who will be particularly concerned about things like silverware and glass placement. Judges for the event include Miss Tennessee 2021, Lisa Patton, local celebrity and former weather forecaster for WKRN-Channel 2 and Paula McDonnell, owner of Square Market Furniture and Gifts in Lebanon, along with many more.
This year’s fair promises to have something for everyone so don’t miss an opportunity to rejoin your community, celebrate its rich heritage and maybe enjoy a snow cone or two.
Go to www.wilsoncountyfair.net for tickets, hours and more information.
The Mt. Juliet Board of Commissioners deferred again on rezoning Golden Bear Commercial to a planned-unit development.
Golden Bear Commercial, a convenience store/gas station located in Lebanon Road, will include a 9,600-square-foot building with 5,000 square feet identified for the convenience store and the remaining two lease spaces at 2,000 square-foot each.
Civil Site Design Group, a civil engineering group and Golden Bear’s developer, is looking to add a 700-foot slip lane on US 70 for the development.
The commission had deferred on the issue four times before Monday’s meeting.
In Monday’s session, District 3 Commissioner Scott Hefner suggested to have the ordinance deferred so the board could learn more about the Tennessee Department of Transportation’s plans on widening Lebanon Road.
TDOT’s project on Lebanon Road is in its preliminary design status and at about 40% complete with preconstruction activity. The overall cost of the project is $25.3 million.
Planning Director Jennifer Hamblen said the developer’s request for a slip lane has caused the delay.
Joe Haddix, principal of Civil Site Design Group, said adding a slip lane could provide improvement to the intersection of Lebanon Road and Golden Bear Gateway.
Haddix said that he worked on designing the preliminary layout for the slip lane into Golden Bear’s development before sharing it with the Public Works Department; both parties approved the slip lane’s design.
He also said the project’s traffic study did not recommend any improvement on Lebanon Road.
He said he has discussed with the Planning Commission on whether to keep the development’s access point at Golden Bear Gateway with more widening or move it further south without any further widening.
District 2 Commissioner Bill Trivett asked if the owners of Golden Bear Commercial are not modifying both Golden Bear Gateway and Lebanon Road to make sure their business runs efficiently.
Haddix answered that the owners do not want to change both streets, but they are willing to do their part on building this development.
He said his work on adding a slip lane into this project will cost around $150,000 to $200,000.
Haddix asked if they could use some of the money Mt. Juliet has made from other developments to balance the cost of this widening.
Vice Mayor Ray Justice said the city could spend about $75,000, or half the cost.
“I am a firm believer that if you are not 100% responsible for the impact, you should not be 100% responsible for paying for the impact,” said Justice.
WCS Director Jeff Luttrell emphasized to the board that building a 1,000-student elementary school has not been the district’s practice, although Rutland Elementary School has about 1,000 students.
Stoner Creek Principal Amanda Smith noted that the school’s enrollment this year is nearly 700.
Luttrell also got permission from the board to explore locating the portable classroom buildings the district has purchased closer to West Wilson Middle, where the Stoner Creek students are using the gym. The buildings, which are going to create a “Bobcat Village” for Stoner Creek students are currently planned to be located closed to the elementary school. The first of the 20 buildings the district ordered are expected to begin arriving next week, Luttrell said.
WASHINGTON — Hours after clinching an initial budget victory, Senate Majority Leader Chuck Schumer conceded Wednesday that Democrats face a tough pathway to delivering a package surging $3.5 trillion into family, health and environment programs to President Joe Biden’s desk.
Cumberland’s women earned their sixth NAIA National Tournament berth last spring.part of flutter_css_style;

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Is Post-Money Value Relevant? Is Post-Money Value Relevant?
Home » Blog »Term Sheet Analysis»Is Post-Money Value Relevant?
A private company is currently raising $3 million in a Series B round.
Step 1: The parties negotiate the percentage to be given to the new investors in exchange for $3 million invested in the company. For this example, we will assume that they agree on a 25% stake. A term sheet is being negotiated.
Step 2: The new cap table is created based on: $3 million divided by a 25% equity stake in the company on fully diluted basis, resulting in a post-money value of $12 million ($3 million/25%). This reflects the ownership structure, but does not consider actual economic returns.
What then is the true economic post-money value of the company, based on the Series B round?
The true economic post-money value of the company is much lower than $12 million due to the economic rights associated with the preferred shares.
Furthermore, if there would be a $12 million exit tomorrow, based on the above cap table provided by the company’s advisor, the common shareholders (founders) would expect to receive a payout of $6 million (50% of $12 million). In reality, they will receive a payout of only $3.5 million ($12 million, less $5 million of liquidation preferences invested in Series A and B, multiplied by 50%). This equates to a difference of almost 50%!
Over time, the difference between the overly simplistic calculation and the true calculation of company value will grow. The gap between the expected future payouts for the founders and each share class vs. the reality will be significantly larger. By the time an exit or other liquidity event takes place, the cap table may have become even more complex….making the likelihood of unpleasant financial surprises a near certainty.
Welcome to the “Start-Up Ecosystem”, a place where stakeholders are not sufficiently aware of and frequently not well-advised about the nuances of valuation-related issues.
In a majority of cases, founders, investors and shareholders sign terms sheets with economic rights that they do not fully understand.
Valuation decisions are made by either guessing or using simple Excel methodologies. They are often times wrong.
Decision makers frequently work with stale and inaccurate data which are not shared in real time. This causes major gaps between expectations and future payouts for founders and shareholders: in a next round financing, in a liquidity event, when selling securities on secondary market platforms.My guest is Jonathan Jay. We met in 2001 in Chicago and have been friends since. Jonathan knows his strengths in business