Tampa Florida Gust Series Seed Term Sheet

State:
Multi-State
City:
Tampa
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

Tampa has a relatively low cost of living, particularly compared to many other major cities in Florida. The overall cost of living is 5% lower than the national average. Housing also tends to be cheaper in Tampa than in many other places, including other cities in Florida, like Miami.

Ing to a recent study by Smart Asset, single adults living in Tampa, St. Petersburg, and Orlando must have an average salary range of $94,000 to $100,000 to live comfortably. ?Most people in west Tampa and east Tampa make nowhere near that number,? said Coney.

Tampa's port is now the seventh largest in the nation; today phosphate shipping is supplemented by trade in shrimp. A pleasure cruise line operates as well. In 1886 Vicente Martinez Ybor established a cigar factory in Tampa.

Tampa is renowned as the ?Cigar City? because Cuban cigars are so well-known there. Tampa's long-standing relationship with Cuban cigars began with the Ybor City location of the Sanchez y Haya cigar factory opening its doors in April 1886. Since then, there are now more than 200 cigar factories in Tampa.

Beyond the beautiful landscape, Tampa offers award-wining cuisine, prisine beaches, major sports teams and more. And did we mention our shiny new Michelin stars?

Some of the top reasons why Tampa Bay is seeing an influx from this demographic is because of the job opportunities, the low start-up cost for businesses compared to other cities, and the growing technology seen here.

In general, Tampa is well-known for its bustling Ybor City, which is where visitors may learn why the city is sometimes referred to as the Cigar Capital of the World. Busch Gardens and the Florida Aquarium are just two of the many breathtaking museums and amusement parks that can be found in the Tampa area.

Hillsborough County

Beyond the beautiful landscape, Tampa offers award-wining cuisine, prisine beaches, major sports teams and more. And did we mention our shiny new Michelin stars?

Top 10 Tampa Classics You Can't-Miss 1 ? Cuban Sandwich. The Cuban Sandwich is a delicious legacy of the Cuban immigrants in Ybor City, Tampa. ... 2 ? Deviled Crabs. ... 3 ? Grouper Sandwich. ... 4 ? Chicharrones. ... 5 ? Stone Crab Claws. ... 6 ? Empanadas. ... 7 ? Key Lime Pie. ... 8 ? Spanish Bean Soup.

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Help fill out forms programs and help in Tampa, fl. Search 71 social services programs to assist you.Public housing agency providing decent, safe, affordable housing for eligible low-income families, the elderly, and persons with disabilities. You must fill out and submit this form with each new action. After you complete the police report online you will: See the words "Your online police report has been submitted" showing that your police report is complete. Information is available online on your SpartanStart portal. We offer thousands of other editable tax forms, application forms, sign off forms, contracts, for you to fill out. Free fillable forms: City of Tampa. Non-Federal Agency (FL). Falkenburg Rd, Tampa, FL 33619) or fax (813-744-5843).

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Tampa Florida Gust Series Seed Term Sheet