itistru

3 ms·

1. 1.▲
   by itistru 8y ago

   Take a look at the Model Legal documents from the NVCA: https://nvca.org/resources/model-legal-documents/ (free to download, requires giving up email) It is typical that the term sheet results in ~5 different cont
2. 2.▲
   by itistru 8y ago

   I'm no fan of long term sheets, but IMO, this term sheet doesn't just punt that term to definitives; it gives me the expectation that all investors will receive "major investor" rights without dollar or ownership thresho
3. 3.▲
   by itistru 8y ago

   Question: how did you think about giving pro-rata & information rights in this term sheet? It looks to me that the Other Rights & Matters section grants it to _all_ investors. Is that typical in your experience?