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  <url>
    <loc>https://morecapital.co/glossary/participating-preferred</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/non-participating-preferred</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/board-seat</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/board-observer</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/protective-provisions</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/right-of-first-refusal</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/drag-along-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/tag-along-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/information-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/pay-to-play</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/redemption-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/registration-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/voting-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/anti-dilution-protection</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/weighted-average-anti-dilution</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/full-ratchet-anti-dilution</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/no-shop-clause</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/gross-margin</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/net-revenue-retention</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/gross-revenue-retention</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/rule-of-40</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/ebitda</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/contribution-margin</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/burn-multiple</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/magic-number</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/bookings</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/billings</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/cac-payback</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/monthly-active-users</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/ipo</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/acquisition</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/merger</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/tender-offer</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/secondary-sale</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/liquidity-event</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/lock-up-period</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/direct-listing</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/spac</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/acquihire</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/earn-out</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/escrow</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/secondary-market</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/secondary-buyer</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/structured-secondary</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/fund-secondary</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/gp-led-secondary</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/lp-led-secondary</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/broker</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/transfer-restriction</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/rofr</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/qualified-purchaser</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/delaware-c-corp</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/llc</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/bylaws</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/articles-of-incorporation</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/fiduciary-duty</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/board-of-directors</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/majority-shareholder</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/minority-shareholder</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/founder-agreement</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/shareholders-agreement</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/voting-trust</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/beneficial-owner</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/venture-capital</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/private-equity</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/limited-partner</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/general-partner</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/dry-powder</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/fund-vintage</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/carried-interest</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/management-fees</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/dpi</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/tvpi</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/moic</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/irr</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/markup</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/markdown</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/write-off</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/capital-call</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/fund-of-funds</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/follow-on-investment</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/participation-cap</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/pari-passu</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/side-letter</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/key-person-clause</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/preemptive-rights</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/repricing</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/stock-split</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/reverse-split</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/recapitalization</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/venture-debt</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/bridge-financing</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/conversion-ratio</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/rule-144</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/rule-701</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/section-1202-qsbs</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/form-s-1</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/broad-based-anti-dilution</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/narrow-based-anti-dilution</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/warrant</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/capitalization</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/waterfall-analysis</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/pro-forma-cap-table</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
  <url>
    <loc>https://morecapital.co/glossary/drag-along-sale</loc>
    <lastmod>2026-04-17</lastmod>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
  </url>
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