Both Sides of the Table

NOVEMBER 9, 2014

We all know that funding markets have changed for startups. We all can intuit the benefits to founders of these trends so there’s little reason to elaborate. How founders get screwed on convertible notes. There’s another issue I can add to your list of things to be aware of – information rights.

SEC 352

SEC Venture Capital Early Stage Cofounder 352

OnlyOnce

APRIL 27, 2021

Last week, I blogged about Bolster’s Board Benchmark survey results , which really laid bare the lack of diversity on startup boards. My new mantra for Startup Boards is simple: 1-1-1. The conversation with your co-founder about only one founder/executive on the board. Seats don’t turn over often.

Vesting 48

Vesting Cofounder Startup Term Sheet 48

Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). Right of first offer on future financings. Information rights. Y Combinator Series AA Equity Financing Documents (by WSGR). Self-explanatory. Board seat.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

View from Seed

JANUARY 11, 2017

A startup can benefit in various ways from having a strategic investor involved in their company, but there are plenty of drawbacks too, both commonly known and more subtle. On the flip side, simply taking strategic investor capital because it’s there or it’s easier or cheaper than other capital rarely works out well for startups.

Strategic Investors 120

Strategic Investors Post-Money Valuation Seed Stage Cofounder 120