Its thinking about how we can serve your long-term interests, and not just the problem of the moment. August practices in the areas of mergers and acquisitions, securities offerings, commercial transactions, general corporate law and business bankruptcy. This is a downside protection term. Adam J. Interested? Close Window. MORE >>

For more details on this controversy, see the following posts: Angels: Convertible Debt Is Seldom the Right Security for Startup Investments  and. Frankly, I wish this controversy would go away and that all angels would simply use a standard preferred (light) term sheet to define their investment.  MORE >>

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). This post assumes that you have a basic understanding of Series A financing terms.  TheFunded released their “Plain Preferred&# term sheet in August 2009.  MORE >>

Here’s an outline and transcript: 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. Another future. Interview. MORE >>

As needed, be ready to offer sweetheart terms to the first person to take the plunge. Further, as HubSpot CEO Dharmesh Shah recently tweeted, “Saying you are [x] of [y] is shorthand for describing your startup; it’s not really a long-term strategy.&# No, let me rephrase that-- AngelList is a freakin phenomenon. To wit: 1. MORE >>