Stockton California Gust Series Seed Term Sheet

State:
Multi-State
City:
Stockton
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

Stockton is known for being home to the oldest university in California, the University of The Pacific. With the low cost of living (compared to other areas in California) and being a family-friendly city, Stockton is a great place to live. Where Is Stockton?

Founded in 1849 and incorporated in 1850, the City of Stockton is one of the oldest incorporated cities in California.

Stockton The violent crime rate in Stockton is 1,397 per 100,000 people. There are approximately 34 murders, 181 rapes, 1,158 robberies, and 3,007 aggravated assaults annually in Stockton.

Crime and high cost of living are two of the biggest drawbacks to living in Sacramento. Although not as high as Stockton's crime rates, the crime rate in Sacramento is 46 percent above the national average. Violent crime is 76 percent above the national average in Sacramento.

In 2021, there were 1.13 times more Asian (Non-Hispanic) residents (65.1k people) in Stockton, CA than any other race or ethnicity. There were 57.5k White (Non-Hispanic) and 53.6k White (Hispanic) residents, the second and third most common ethnic groups. 44.9% of the people in Stockton, CA are hispanic (143k people).

Home to California's oldest university. In 1851, University of the Pacific became California's first chartered institution of higher education.

In 2018, Stockton ? whose roughly 310,000 residents were 42% Hispanic, 24% Asian, 19% non-Hispanic white and 13% black ? was the most racially diverse large city in America, ing to a U.S. News analysis based on recent census data.

Stockton is in San Joaquin County. Living in Stockton offers residents a dense suburban feel and most residents own their homes. In Stockton there are a lot of parks. Many families live in Stockton and residents tend to lean liberal.

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Click below to apply for fall 2024! UPDATE: Although the fall deadline is listed as June 1, Common App is still OPEN and accepting new applicants for fall 2024!Stockton e-Forms allow you to fill out official college forms on-screen and print them via your printer. Fill out the saved form, and select "Save As" with your Last Name_First Name and Z number in the file's title. You can file an online police report for harassing calls or texts if you do not know the person calling or texting. This applicafion, three letters of recommendafion, the personal statement, and essay of why Stockton is your choice of undergraduate. We aim to guide young people in Stockton toward an impactful life through education. Our Stockton center is operated in partnership with Sutter Health. Contact us to get started. Phone: (209) 992-5697.

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Stockton California Gust Series Seed Term Sheet