Startup Professionals Musings
JULY 11, 2021
Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. As an early-stage startup, you may have some hand-picked mentors as an Advisory Board, but now you need a formal Board with approval rights on all your strategic decisions and pivots.
Startup Professionals Musings
FEBRUARY 3, 2018
Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. As an early-stage startup, you may have some hand-picked mentors as an Advisory Board, but now you need a formal Board with approval rights on all your strategic decisions and pivots.
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Startup Professionals Musings
JULY 3, 2014
These normally include what percentage of the company the investor now owns, how and when tranches of money will be delivered, and even how and when you can sell your own shares (liquidation preferences). Investors will expect at least one seat on the board, and expect a board report from you each month on key items.
Startup Professionals Musings
AUGUST 16, 2015
Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. As an early-stage startup, you may have some hand-picked mentors as an Advisory Board, but now you need a formal Board with approval rights on all your strategic decisions and pivots.
Feld Thoughts
FEBRUARY 28, 2023
In addition, there are the managing directors as executive bodies. In the VC sector, it is common to introduce a third body in addition to the shareholders’ meeting and the management. This third body is often referred to as an advisory board (Beirat), sometimes also as a supervisory board (Aufsichtsrat).
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