David Teten

AUGUST 19, 2019

The traditional NVCA term sheet works well for founders who are comfortable substituting VC capital for revenues, running typically at a loss for many years. Convertible notes , which typically look like the Cooley Series Seed Convertible Note Financing Package , YC SAFE Term Sheet , or similar.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

Gust

SEPTEMBER 29, 2011

For a traditional VC financing round structured as a sale of preferred stock, the best resources I can recommend are the Term Sheet Series by Brad Feld and Jason Mendelson and Startup Company Lawyer by Yokum Taku. I’ve posted a sample convertible note term sheet on my website.) There are two principal reasons.

Finance 178

Finance Term Sheet Preferred Stock Bridge Financing 178

Both Sides of the Table

SEPTEMBER 18, 2014

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Gust

SEPTEMBER 17, 2014

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Objectively. Thanks for asking.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

Professor VC

APRIL 7, 2011

From my experience, negotiating debt deals with an experienced investor will result in a number of the same terms and wont save much (if anything) on legal fees. In cases where it is truly a bridge financing (i.e. Particularly, now that standard Series Seed docs are commonly used. So when does convertible debt make sense?

San Jose 36

San Jose Technical Review Angel Investor Valuation 36

The Startup Lawyer

FEBRUARY 4, 2011

If not, the incubator is just a bridge financing to potentially nowhere for your startup. Regardless if your startup has an angel investor lined up, your startup will need to have a tangible goal in accepting the incubator’s offer that can be realized by completion of the program (or shortly thereafter). Conclusion.

Incubator 105

Incubator Pre-Money Valuation Option Pool Advisory Board 105

venturehacks.com

OCTOBER 21, 2010

Later that evening you review the term sheet from Blue Shirt. Reading on, the term sheet states, “The $8 million pre-money valuation includes an option pool equal to 20% of the post-financing fully diluted capitalization.&# share: $8M pre-money ÷ 6M existing shares = $1.33/share. a legal one.

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68