What to look for in term sheets
April 10th, 2009
From a conversation with one of the top East Coast VCs, these are the things you must receive in a term sheet if you’re on the VC side:
- Liquidation preference
- A board seat
- Right of first refusal for subsequent funding rounds.
The absence of any one of those terms should be a deal-breaker, but if you have those, you should be able to get close the deal.
Possibly Related Classroom Projects From
DonorsChoose.org
Powered by Social Actions
Related posts:
- Statistics, Shakespeare and authorship Students and academics have employed statistical analysis to prove or...
- About This blog contains posts by a fictional MBA student—aren’t all...
- Why bankers will always beat consultants By far, the YouTube video I watched the most...
- The Internet is a commons; the commons are tragic. I first heard of the Tragedy of the Commons in...
- A primer on calculating adjusted present value Aswath Damodaran is the man when it comes to this...