Conversion IP Syndication Term Sheet 
Both Sides of the Table
FEBRUARY 25, 2010
We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. We ended up agreeing a term sheet for $16.5 We ended up agreeing a term sheet for $16.5
David Teten
JANUARY 19, 2021
Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. As a result, unfounded hockey-stick graphs and unicorn promises give way to financial fluency, realistic expectations, frank conversations about what a business can credibly achieve, and transparency. . Flexible VC offers you this.
Expert insights. Personalized for you.
301 
Let's personalize your content