Investor Connect Podcast

In this episode, Hall welcomes Garin Toren, CEO & Founder of ping.

Headquartered in New York, ping is a four-time-patented messaging platform that automatically reads your texts, emails, and all other message types out loud when touching your phone is unsafe, illegal, or inconvenient. Deployment is currently through Android and iPhone apps with Alexa already live and Google Home coming in November.

Garin is a highly-accomplished global entrepreneur and technology professional within B2B, B2C, enterprise IT, VOIP software, e-commerce, large-scale retail, and mobile applications. At ping, he oversees all aspects of business development, while also working closely with the development team to refine this patented and lifesaving technology platform. 

Between 2004 and 2014, Garin built out the U.S. division of the global Information Technology and Services company, Striata Inc. As Chief Operations Officer and Executive Vice President, Garin opened the U.S. market and led a period of rapid growth that took the regional subsidiary from nothing to a multi-million-dollar operation doing business across the United States, Canada, Central, and South America. The U.S. division is now one of the biggest contributors to the global business, and this success led to Garin ultimately selling and successfully exiting the company. 

Garin began his executive career in 1997 as the Co-Founder and Marketing Director of Digital Mall (now The Digital Solutions Group) in South Africa. In addition to his executive career, Garin has been an active Board Member. He currently holds a seat on the Board of ping (2014-Present) and the New York Chamber Players (2015-Present). He is a member of the Entrepreneurs Organization (EO), and in 2018 served as a Mentor and Coach for the organization’s Accelerator Program.

He graduated from the Nexus Leadership Program from The Gordon Institute of Business Science at the University of Pretoria in South Africa in 2003, and he received his BBA in Business and Marketing from Pace University. Garin is a functional SAP Consultant in CRM, CIC, and Internet Sales and speaks fluent Afrikaans and English. 

Garin shares with Hall how ping came into being, how he sees the industry evolving, some of the challenges he faces, and exactly how ping fits into the space.

You can visit ping at, and via their LinkedIn page at   

Garin can be contacted via LinkedIn at, via Twitter at, and via email at

Direct download: Garin_Toren_of_ping.mp3
Category: -- posted at: 12:41pm CDT

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There are many terms used in terms sheets but there are only a few that have a significant impact.

Here are the key ones:

  • Liquidation Preference -- a liquidation preference gives the shareholder their initial investment back first, before splitting the rest of the proceeds. 
  • Non-Participating Preferred -- the investors receive preference over the common shareholders.
  • Anti-Dilution -- investors retain their ownership percentage through subsequent rounds of funding. 
    If they maintain their full ownership, then this is called Full-Ratchet Anti-Dilution.
  • In a Weighted Average Anti-Dilution, the founders get diluted but not as much.
  • Pay to Play -- a pay-to-play clause incentivizes investors to continue investing in subsequent rounds. If not, they lose some portion of their ownership stake.
  • Warrants -- a security that gives the holder the right to buy stock over a certain timeframe and at a specific price.

These are key terms to look for in a terms sheet.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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Direct download: Startup_Funding_Espresso_-_Key_Terms.mp3
Category:general -- posted at: 6:00am CDT