"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."
Austin Texas Gust Series Seed Term Sheet
Category:
State:
Multi-State
City:
Austin
Control #:
US-ENTREP-0039-1-B
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
The cost breakdown in Austin might just break your wallet. Upgraded Points estimates that a tourist coming to Austin for a two-night stay will spend $279.03 on a concert ticket, $377.90 on a flight, $245.50 on an Airbnb, $20 for beer at the venue, $43 for a tour T-shirt, and $43.76 on rideshare expenses.
Austinites would need to make a $99,757, or a $44.12 hourly wage individually to lead a comfortable lifestyle and avoid living paycheck to paycheck, says the report, which analyzed 99 major U.S. cities.
What is Austin, Texas Best Known For? Known as the Live Music Capital of the World®, Austin, Texas is home to hundreds of live music venues and some of the premier music festivals in the country.
Austin boasts a thriving music, arts, and cultural scene Austin, Texas is known for its vibrant music and cultural scene. The city is often referred to as the ?Live Music Capital of the World? due to its large number of live music venues and the wide variety of musical genres represented.
San Antonio is renowned for its historic attractions and cultural heritage while Austin boasts an impressive live music scene full of opportunities to experience diverse cultures. Both cities provide plenty of exciting activities centered around these two themes.
It offers significantly lower expenses across the board?housing, utilities, groceries, and transportation?all of which cost less than in California. To illustrate this point, consumer prices without rent are 16.0% higher in Los Angeles compared to Austin. With rent included, they're still 15.4% higher.
Austin's cost of living index stands at 129.1, making it more affordable than some major US cities, but higher than the national average, with estimated monthly and annual incomes required to live comfortably set at $2,600 and $58,800 for singles, and $110,520 for families.
The cost of living in Austin, TX is 7% higher than the state average and 1% lower than the national average. Austin, TX housing is 9% more expensive than the U.S average, while utilities are about 6% less pricey.
