Aurora Colorado Gust Series Seed Term Sheet

State:
Multi-State
City:
Aurora
Control #:
US-ENTREP-0039-1-B
Format:
Word; 
Rich Text
Instant download

Description

"This term sheet is for financing early stage companies with investments from sophisticated angel investors was
developed by Gust, the platform powering over 90% of the organized angel investment groups in the United States.
The goal was to standardize on a single investment structure, eliminate confusion and significantly reduce the costs of negotiating, documenting and closing an early stage seed investment.
For those familiar with early stage angel transactions, this middle-of-the-road approach is founder-friendly and investor-rational, intended to strike a balance between the Series A Model Documents developed by the National
Venture Capital Association that have traditionally been used by most American angel groups (which include a 17 page term sheet and 120 pages of supporting documentation covering many low-probability edge cases), and the one page Series Seed 2.0 Term Sheet developed in 2010 by Ted Wang of Fenwick & West as a contribution to the early stage community (which deferred most investor protections and deal specifics until future financing rounds.)

The Gust Series Seed Term Sheet does meet Section 2.2 of the Founder Friendly Standard. The term sheet providesfor "reverse vesting"so the company can repurchase unvested stock if a Founder leaves before four years.

Annotated with detailed notes to help you understand each aspect of the Term Sheet."
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FAQ

Aurora borealis. noun. bright bands of color around the North Pole caused by solar wind and the Earth's magnetic field. Also called the northern lights.

Most Northern Lights are green in colour but sometimes you'll see a hint of pink, and strong displays might also have red, violet and white colours, often seen by aurora chasers on Northern Lights trips. The reason for all these colours lies in the composition of our earth's atmosphere.

Aurora is a mystical and romantic name that means "dawn" in Latin. An aurora also refers to a natural light display in the Earth's sky called the aurora polaris, or polar lights, visible only in high-latitude regions like the North and South Poles.

The most abundant gas is molecular nitrogen, and it radiates promptly in deep blue and red colors. Mixing these together gives purple. The bottom edge of a green auroral curtain gets this purple color when auroral elec-trons are accelerated to very high energy (Figures 7-8).

Aurora gained recognition with her debut extended play (EP), Running with the Wolves (2015), which contained the sleeper hit "Runaway". Later that year, she provided the backing track for the John Lewis Christmas advert, singing a cover of the Oasis song "Half the World Away".

Red Lights - Rare High Altitude Phenomenon Red is the rarest of the Northern Lights' colors and is created when solar particles collide with atomic oxygen at an altitude of over 241 kilometers (150 miles). At this altitude, the collisions are rare and produce a short-lived red flash.

Auroras can appear green, pink, dark red, blue, purple and even yellow!

The simple answer is that human eyes have difficulty perceiving the relatively ?faint? colors of the aurora at night.

Interesting Questions

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Aurora Colorado Gust Series Seed Term Sheet