Go from idea to exit by building a strong startup, negotiating a *killer* term sheet, and getting a great funding round.
Sit Down And Read It.
Get A Lawyer.
Where Do I Sign?
Valuation And Price: How Much Do I Get?
Liquidation Preferences: How To Avoid Getting Hosed
Dividends: Avoiding The Pitfalls.
Conversion: How Investors Make Their Money.
Anti-Dilution: How Investors Deal With The Downside.
Warrants: "We're Not Sure How Much We Like You Yet."
Board Of Directors: Avoid Losing Control For As Long As You Can.
Protective Provisions And Investor Director Approval: More Protection For Investors.
Management And Information Rights: The Investors Are Watching.
Vesting: Did You Really Think You Owned The Company?
Option Pool: Your Employees Want Equity Too.
Non-Competition And Best Efforts: You Actually Have To Keep Working.
Confidential Information And Invention Assignment: All Your Ideas Belong To Us.
Drag Along: Sell When We Say So.
Pay To Play: Once You're In, You're In.
Right To Participation In Future Raises (Pro Rata): When We're In, We're In.
Right Of First Refusal / Co-Sale Rights: If You're Selling, We're Buying.
Registration Rights; High-Class Problems.
Redemption Rights: Letting Your Investors Jump Ship.
Reps, Warranties And Closing Conditions: Sign, Then Wait.
No-Shop Provisions: You're Stuck With Us.
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