Term sheets - Introduction

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50 Questions: What are the key terms in a termsheet? (Part 1 of 2) « « The Equity KickerThe Equity Kicker

Thirtieth in a series of weekly posts by myself and Nicholas Lovell of Gamesbrief which answer the fifty questions you should ask before raising venture capital. We expect the series to run for a year after which we will collate the posts into a book. You can find the rationale behind the series here , and the list of questions here . http://www.theequitykicker.com/2011/08/24/50-questions-what-are-the-key-terms-in-a-termsheet-part-1-of-2/
http://www.theequitykicker.com/2011/09/07/50-questions-what-are-the-key-terms-in-a-termsheet-part-2-of-2/

50 Questions: What are the key terms in a termsheet? (Part 2 of 2) « « The Equity KickerThe Equity Kicker

Thirty second in a series of weekly posts by myself and Nicholas Lovell of Gamesbrief which answer the fifty questions you should ask before raising venture capital. We expect the series to run for a year after which we will collate the posts into a book.
http://walkercorporatelaw.com/vc-issues/vc-term-sheets-%e2%80%93-protective-provisions/ Introduction This post originally appeared as part of the “ Ask the Attorney ” column I am writing for VentureBeat .

VC Term Sheets – Protective Provisions | WALKER CORPORATE LAW GROUP, PLLC

(Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, PLLC, a law firm specializing in the representation of entrepreneurs. http://venturebeat.com/2011/03/28/demystifying-the-vc-term-sheet-protective-provisions/

Demystifying the VC term sheet: Protective Provisions | VentureBeat

(Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, PLLC, a law firm specializing in the representation of entrepreneurs. He submitted this column to VentureBeat.) In response to my last two posts demystifying VC term sheets (specifically addressing exploding term sheets and no shop provisions and price-based anti-dilution provisions ), I have received a number of questions regarding other terms and provisions in term sheets.Accordingly, I thought it would be helpful to address each of the questions over the next several weeks –creating a comprehensive series of posts relating to VC term sheets.

Demystifying the VC term sheet: Dividends

http://venturebeat.com/2011/02/28/demystifying-the-vc-term-sheet-dividends/
A the end of the year, I completed a financing that was much more difficult than it needed to be. http://www.feld.com/wp/archives/2005/01/term-sheet-price.html

Term Sheet: Price

Further demystifying the VC term sheet

http://venturebeat.com/2011/02/14/further-demystifying-the-vc-term-sheet/ (Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, PLLC, a law firm specializing in the representation of entrepreneurs. He submitted this column to VentureBeat.)
http://www.feld.com/wp/archives/2005/03/term-sheet-pay-to-play.html

Term Sheet: Pay-to-Play

There’s nothing like a solid week of vacation with no phone, email, or blogs to get the writing juices rolling again. Of course, now that I’m through my email, I only have 8200 blog posts to read to catch up – thank god for jet lag – wait, what am I saying? In our term sheet series, Jason Mendelson and I have been focusing first on “the terms that really matter.”
While lots of VCs posture during term sheet negotiations by saying “that is non-negotiable”, terms rarely are (as you’ve likely inferred from previous posts on term sheets be me and Jason.) Occasionally, a term will actually be non-negotiable. http://www.feld.com/wp/archives/2005/04/term-sheet-conversion.html

Term Sheet: Conversion

Term Sheet: Liquidation Preference

http://www.feld.com/wp/archives/2005/01/term-sheet-liquidation-preference.html I’ve written about liquidation preferences (and participating preferred) before, as have most of the other VC bloggers (and several entrepreneur bloggers.) However, for completeness, and since liquidation preferences are the second most important “economic term” (after price), Jason and I decided to write a post on it.

Term Sheet: Right of First Refusal

There are two things to pay attention to in this term that can be negotiated. First, the share threshold that defines a “Major Investor” can be defined.
Suddenly the blogosphere is talking about the need for a standardized first round term sheet.

Terms sheet archives

We are now getting into the juicy stuff – economics of the deal. When discussing the economics of a VC deal, one often hears the question “What is the valuation?” While the valuation of a company, determined by multiplying the number of shares outstanding by the price per share, is one component of the deal, it’s a mistake to focus only on the valuation when considering the economics of a deal.

Venture Deals: Chapter 4: Economic Terms of the Term Sheet | Ask The VC

Many entrepreneurs are in the process of fundraising. However, many are unaware of the most favorable terms for raising money from investors and confused about what terms to focus on in a term sheet.

Top 5 things you should know about term sheets — Tech News and Analysis

Before passing 'go' with a VC, learn about the term sheet Confused by what terms like “anti-dilution”, “drag along” and “no shop clause” mean?

Til exit do you part: Terms of Investments