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Pre-registration has ended, but you can join us tonight at the Lake Natoma Inn and pay for the event onsite
So you want to start a company. And you have put together the team of developers, a management team and may be even engaged your pilot customer . And while you bootstrapped your existence so far, time has come for you to look for external funding — from angels, VCs or from other sources. And during the process, you are given a "term sheet" by your potential investor.
For the Founder or co-founder in you, the term sheet is the deal-breaker for all the hard work you have put together so far. That document could also serve as the lynch-pin for the financial part of your exit-strategy.
Specific topics of discussion will include:
- Who should initiate and when should company valuations be discussed?
- Now that I have a term sheet, what is the next step?
- Why are liquidation preferences important?
- The term sheet has a "No Shop" clause - should I accept it?
- How are the members of the board of directors determined?
- What company actions need to be approved by the board of directors?
- What are standard company "reps and warranties"?
- What are standard "investor rights"?
- Why do we have to have a "compensation committee"?
- Who determines the amount of the pool for employee stock options?
- Who pays for legal fees for the financing?
- What are closing conditions?
- Is the term sheet binding?
If you have never raised capital or come across a term-sheet before, you simply cannot afford to ignore this event. Join the panel of experts who have direct experience from both the VC side and from the company side in writing and negotiating term sheet as they walk you through the process and a case study of a situation of a company negotiating term sheet with the investor.
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