Charlotte North Carolina Gust Series Seed Term Sheet

State:
Multi-State
City:
Charlotte
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

Charlotte is also home to the NFL's Carolina Panthers, the NBA's Charlotte Hornets, MLS' Charlotte FC, the NASCAR Hall of Fame and the U.S. National Whitewater Center. About Charlotte - the Queen City charlottenc.gov ? Economic-Development charlottenc.gov ? Economic-Development

In fact, the city of Charlotte is 1.75 times larger than the city of Atlanta in population and more than double the size of Atlanta as measured in square miles. There are asterisks though. The first one, Charlotte's city population is the result of it gobbling up land through annexations over the past two decades.

With a lower-than-average cost of living, strong financial industry, relatively mild climate, and an up-and-coming food scene, it's no wonder it's one of the top 20 fastest-growing cities in the U.S. 22 Things To Know About Living in Charlotte, NC - PODS pods.com ? blog ? living-in-charlotte-nc pods.com ? blog ? living-in-charlotte-nc

The city is also home to the NASCAR Hall of Fame, Opera Carolina, the Charlotte Symphony, the Charlotte Ballet, Children's Theatre of Charlotte, Mint Museum, Harvey B. Gantt Center, Bechtler Museum of Modern Art, the Billy Graham Library, Levine Museum of the New South, Charlotte Museum of History, Carowinds amusement ...

The cost of living in Charlotte, NC is 2% higher than the state average and 3% lower than the national average. Charlotte, NC housing is 11% cheaper than the U.S average, while utilities are about 12% less pricey.

Known as the Queen City, Charlotte, NC, has become a darling of the South. Boasting a low cost of living, beautiful weather, the mountains and the ocean within a few hours' drive, and an up-and-coming food scene, Charlotte is an affordable home for anyone who loves close-knit communities and the outdoors. Moving to Charlotte? Here's Are 13 Things to Know | Extra Space Storage extraspace.com ? blog ? moving ? city-guides extraspace.com ? blog ? moving ? city-guides

Known as the ?Queen City,? Charlotte is known for its perfect blend of Southern charm and modern sophistication, with a growing skyline, bustling streets, and a dynamic arts and culture scene.

A: Living in Charlotte, NC, is chock full of pros, from its beautifully mild climate that still goes through four seasons to its fast-growing population and true city feel, as well as its strong job market (especially for those in the financial sector) and surplus of fun things to do for kids and couples alike.

As the New South dawned after the Civil War, Charlotte took off?first as a railroad junction and then as a cotton mill hub. Today, it is one of America's largest banking centers and one of the nation's fastest-growing metropolitan areas. Newcomers roll in daily from across the United States and around the globe.

Check them out! ?Uptown? Really Is Up. ... The Charlotte Metropolitan Area is the largest in the U.S. without a Zoo. ... Independence Square is a Major Historical Site. ... A King's Tribute to His Queen. ... Nicknamed ?The Hornet's Nest? ... A NASCAR Hub. ... The Beginning of America's Gold Rush. ... Boasts The World's Largest Man-Made Whitewater River.

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Charlotte North Carolina Gust Series Seed Term Sheet