NOTE: This is the sixth post in our series about standard terms in early stage equity financings. These posts refer to the model Series A Term Sheet put out by the National Venture Capital Association (NVCA) and available for download here. * * * * * * * * * *. Optional Conversion and Mandatory Conversion. MORE >>

NOTE: This is the nineteenth and final post in our series about standard terms in early stage equity financings. These posts refer to the model Series A Term Sheet put out by the National Venture Capital Association (NVCA) and available for download here. * * * * * * * * * *. Key Takeaways. Other Blogs Entrepreneurs Should Read. MORE >>

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. No option pool shuffle. MORE >>

Year in, year out, Thus, VCs and entrepreneurs are not operating on an equal playing field when it comes to negotiating financings and interpreting the impact of the terms involved. First, let me take a step back and define a few terms.  Another term that impacts the price is the size of the option pool.  million.  MORE >>

You can close an angel round with ‘mass syndication’ Start with terms and valuation below market. What you want in your term sheet. What you don’t want in your term sheet. This isn’t comprehensive term sheet advice. Memorize the term sheet before your first meeting. MORE >>