Silicon Beach has been known in part for fostering and revolutionizing high revenue generating e-commerce startups. These companies focus on bringing the best selection and new experiences to customers. Some provide subscription based services offering designer shoes or low-cost razors, but is there a market for closeout or clearance products? Clearance.co and team are providing that there is.
Malibu and Beverly Hills have long been hot neighborhoods for entertainment execs. But the tech culture of Los Angeles is shifting real estate’s center of gravity. As the line blurs between tech and entertainment, and as Silicon Valley seeks synergy with L.A.’s creative talent pool, Silicon Beach is the new center for both homes and headquarters.
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.