Category Archives

How To Tell If Your Startup Ecosystem Is Sick

I had an interesting lunch with some fellow lawyers the other day. I know, “interesting” and “lawyers” shouldn’t be used together in a sentence, but bear with me. We were discussing venture capital deal terms we had encountered with various startup financings we had worked on. One of the other Read More

Can A Letter of Intent Be Binding?

The answer is, sometimes. When companies are exploring a potential deal – whether it is an investment, a merger, or the sale of real estate or some other asset – they often put together a “letter of intent” prior to finalizing and signing a definitive contract. The purpose of the Read More

Anatomy of a Term Sheet – Piggyback and S-3 Registration

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. Last time we began a discussion of registration rights, and focused on demand registration rights. Today we are going to focus Read More

Anatomy of a Term Sheet – Registration Rights

Welcome back to Anatomy of a Term Sheet, a multi-part series in which we take the model Series A term sheet from the NVCA, and analyzing the various terms in depth.  We have finished with the charter terms and the Stock Purchase Agreement section of the model Term Sheet. Today Read More

Five Keys To Working With Investors

If you are a startup founder and you are looking for outside investment, here are five keys to working with angel investors and venture capital funds. Investigate Your Investors Potential investors are going to put a lot of money into your company, and they will investigate your company thoroughly. You Read More

Anatomy of a Term Sheet – Conditions to Closing

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.  We’ve gone through the charter terms that involve changes to the startup’s certificate of incorporation, and now we are working on Read More

Anatomy of a Term Sheet – Reps & Warranties

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’ve already gone Read More

Anatomy of a Term Sheet 10 – Redemption Rights

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 Read More

Why You Need Your Own Lawyer

Someone asked me a really good question last week – he asked me if it’s a good idea for a startup founder to use the same lawyer as the angel investor or venture capital firm that is about to invest in his company. It is an excellent question, and I Read More

Anatomy of a Term Sheet 9 — Pay-To-Play

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 8 Read More