General Mills' recent mess has focused a lot of attention on website terms of use. General Mills revised its website terms of use to take away many legal rights of its website users. For example, if …
Don’t Forget Your Terms of Service
Five Things You Should Know About Stock Options
Startups often use stock options to attract, retain, and motivate talented employees. Stock options are complicated, however, so here are five key things any startup founder (and startup employee) …
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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 …
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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 …
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 …
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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 …
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Anatomy of a Term Sheet 7 — Conversion
Welcome back for another installment of 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 …
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Anatomy of a Term Sheet 6 — Protective Provisions
Welcome back to my series on the Anatomy of a Term Sheet. In this series, I am going through the model term sheet provided by the National Venture Capital Association, which you can find here. In …
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Anatomy of a Termsheet 5 — Voting Rights
Welcome back to the fifth installment of my series on the Anatomy of a Term Sheet. In this series, I am going through the model term sheet provided by the National Venture Capital Association, which …
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Anatomy of a Term Sheet 4 – the Liquidation Preference
Welcome back to the fourth installment of my series on the Anatomy of a Term Sheet. I hope this series is helpful to startup founders, and helps break down some of the legalese in venture capital term …
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