For start-ups looking to grow (and which ones aren’t?), getting the first term sheet can be a critical milestone in nurturing a successful business. In this post, we are going to take a look at the contents of a standard agreement, variations, and common pitfalls. We are going to keep it simple here and literally stick to the ABCs. Things to keep in mind: Anticipate investors’ concerns and information requirements; Be aware of the pitfalls; remember that all agreements are Conditional, with the terms subject to change.
The 17th Annual Milken Institute Global Conference wrapped up last month at the luxurious Beverly Hilton Hotel. The event was surreal in that everywhere you turned, you would’ve recognized a person with the influence, power, and motivation to have a big impact on improving the lives of those in need.