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Anatomy of a Term Sheet 8 — Anti-Dilution Protection

Welcome back to our Anatomy of a Term Sheet series. We are taking the model Series A term sheet from the NVCA, and analyzing the various terms in depth. The goal is to give startup founders a solid understanding of the complex provisions of the term sheet. We have had 7 Read More

Anatomy of a Term Sheet 2 – Pre-Money Valuation and the Option Pool

Welcome to Anatomy of a Term Sheet Part Two. In the first part, we looked at the introductory language and some of the basic offering terms in the model term sheet of the National Venture Capital Association, which you can find here. Today we are going to look at two Read More