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Keep your VC pitch short, easy to scan and packed with valuable information A clear explanation of the problem your product or service is solving. The size of your market and potential competitors. Growth models. Evidence that your team can pull it off.
No-Shop/Confidentiality Provision = Binding Everything in a term sheet can be broken down into two parts in terms of what's binding: a ?No-Shop?/confidentiality provision, and everything else. Most term sheets have a No-Shop/confidentiality provision.
4 Steps to Create a Term Sheet Investment amount. Timing. Company valuation. Form of investment. Stock option plans. Parties' rights and responsibilities. Board representation. Time frame for deal completion.
Key elements of a VC term sheet Money raised. Your investor will likely require that you raise a minimum amount of money before they disburse their funds. ... Pre-money valuation. ... Non-participating liquidation preference. ... conversion to common. ... Anti-dilution provisions. ... The pay-to-play provision. ... Boardroom makeup. ... Dividends.
But no matter who the investor is, a term sheet will always contain six key components, including: A valuation. An estimate of what a company is worth as an investment opportunity. ... Securities being issued. ... Board rights. ... Investor protections. ... Dealing with shares. ... Miscellaneous provisions.
A term sheet is usually a non-binding agreement outlining the basic terms and conditions of the investment. It serves as a template for the convertible note for both parties.
Founders who receive a term sheet need to understand, from a legal perspective, how to manage the process. Key provisions of a VC term sheet include: investment structure, key economic terms, shareholder agreements, due diligence, exclusivity and closing.