Steve Jobs was blessed, more so than any other product designer I’ve ever encountered, with a preternatural ability to live just far enough into the future, just a year or two, which gave him uncanny insight into what customers would want before they did.
A term sheet is a document that outlines the key terms of an agreement between an investing party and a company seeking funding. Similar to a letter of intent or memorandum of understanding, a term sheet sets out the understanding and key principles of a deal. Unless stated otherwise in the document, a term sheet is non-binding. The contractual obligations come later once a legally binding formal agreement is accepted and signed by both parties.
Some people think a venture capitalist is just a crazy rich guy who likes writing checks to entrepreneurs. It’s a little more complicated than that. Venture Capital firms are actually managing other…
If an idea was good enough, and the team strong enough that they didn’t require a pitch deck or a product demo, VCs would still require this one document — a Capitalisation Table (often shortened to…
This tempting mistake can be the downfall of the most competent entrepreneurs. Driven, action-oriented entrepreneurs are more likely to fall victim to it.
This article was co-authored by Maynard Cooper & Gale, a prominent national law firm with a well-established startup, emerging company, venture capital, and institutional funding practice. Their…
“So, do you think your job is to win ‘consensus’ deals or find the ‘non-consensus’ opportunities?” This has been my favorite question to ask fellow seed investors over the last year, and the answers are telling.
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