Today’s pre-IPO and small-cap1 boards face an expanding continuum of risks that threaten shareholder returns like never before.  In a post-financial crisis setting characterized by heightened scrutiny and diminished risk tolerance, the margin of error for pre-IPO and small-cap companies is small.  And getting smaller.

Pre-IPO Advisory

  • CorpGov 101 for new directors
  • Best practices investors care about
  • CEO-board communications
  • Optimizing board composition
  • Demystifying committee roles
  • Understanding D&O/Cyber ins.
  • Key post-listing issues

Small-Cap Advisory

  • Debunking capital markets myths
  • Faster, smarter, less dilutive financings
  • Improving audit committee efficacy
  • Avoiding compliance/regulatory issues
  • Say on Pay
  • Cost effective internal investigations
  • Director performance/assessments

Hot Button Issues

  • Board refresh
  • Board diversity
  • Board’s role in strategy
  • Interfacing with proxy advisors
  • Shareholder communications
  • Cybersecurity
  • Shareholder activism

Depending upon the situation, TCA works with boards, board committees, and/or management of pre-IPO and small-cap companies with respect to discrete issues or in an ongoing advisory capacity.2

TCA’s compensation is purposely not linked to the consummation of any transactions, so there are no conflicts of interest.


1The market capitalizations of companies advised by TCA vary considerably.  For simplicity, the term “small-cap,” as used on this site, incorporates by reference small-cap, micro-cap, and nano-cap companies.

2Almost as important as what TCA does, is what it doesn’t do.  TCA doesn’t: raise or find capital for companies, make capital introductions to investors, value or perform any due diligence or analysis with respect to securities, provide advice as to the advisability of buying, holding or selling securities, buy or sell securities, provide advice in connection with restructurings or work-outs, provide legal advice, or provide audit, attest, or public accounting services.  TCA is independently owned and operated; it is not a broker-dealer or an investment adviser, and is not directly or indirectly related to any broker-dealers, investment advisers, investment banks, or professional service providers.