YoungUpstarts
MAY 9, 2019
Initial conversations (known in the industry as “fireside chats”) may take place to generate interest with a select group of potential buyers. The CIM is a document that outlines the company being sold, its history, products and services, customers, financial performance, management team, and growth strategies.
Gust
OCTOBER 5, 2011
A term sheet keeps things relatively straightforward by summarizing the most significant deal terms in outline form, whereas the deal documents themselves (often referred to as definitive agreements ) — even for a relatively simple convertible debt financing — inevitably contain some densely written legalese.
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Gust
OCTOBER 26, 2011
As we conclude our convertible note financing series, there are assorted terms commonly seen in term sheets and deal documents that are worth touching on briefly. Having made it almost to the end of our sample term sheet: Documentation. First, it’s worth noting that we’re proposing to have Company counsel draft the documents.
Gust
OCTOBER 21, 2011
In Parts II and III, we looked at commonly used mandatory and voluntary conversion language in convertible notes. To account for scenarios in which the startup is acquired before it has a chance to complete a priced equity financing round, most term sheets and deal documents contain a “ change in control ” provision.
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