Term Sheet Questions
Our company has just received a term sheet for a convertible debt investment. One of the clauses states that we have to pay the fees for drafting the agreements (which I understand is normal), but...
114 points
I have a few questions about promised milestones to investors. Is it common to include very specific milestones in the term sheet? What are the consequences if you fail to meet them? Losing Board...
53 points
My question is in the context of a Term-sheet. I want to know what does anti-dilution preferences mean?
116 points
There is a clause Automatic Converstion in Series AA termsheet of Y-Combinator which says Each share of Preferred will automatically convert into common stock, at the then applicable conversion...
107 points
I was reading "Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist " by Brad Feld and Jason Mendelson. It's a pretty good book but some parts aren't obvious, like the one below...
649 points
My startup received a Terms Sheet from an investor and my co-founder and I are trying to figure out if they are saying that they are going to want 30% of our profits at the end of every year or if...
16 points
