Comments on: Terms, Terms, and First Round Terms

By: The Next Step in Standardized Term Sheets: VC Declarations

The Next Step in Standardized Term Sheets: VC Declarations — Thu, 03 Feb 2011 15:02:28 +0000

[...] over the last few weeks about standardized funding docs. I caught wind of it from (no surprise) Brad and Fred‘s fantastic posts on the VC side, which led to Chris Dixon’s also amazing post [...]

By: RightSide plants many seeds | Solid Startups

RightSide plants many seeds | Solid Startups — Thu, 25 Feb 2010 18:11:28 +0000

[...] for the term sheets, I like that as well. People have been attempting standard term sheets for some time, with little success. I hope this move gets them closer to the goal of lowering the [...]

By: Some Complexities of Venture Capital Seed Investing

Some Complexities of Venture Capital Seed Investing — Sun, 18 Oct 2009 18:19:57 +0000

[...] as committed in a convertible note round as they are when they price a seed round and do it as a typical VC preferred financing, albeit with lighter [...]

By: Brad Feld

Brad Feld — Tue, 13 Oct 2009 11:40:07 +0000

Control is a lot less important in a seed round. While you want light protections – see http://www.feld.com/wp/archives/2009/08/the-chall... - they are more around the acknowledgment that the investors should have to affirmatively consent – at least at some threshold – for transformative corporate actions (e.g. a sale or another financing).

By: Mike Boucher

Mike Boucher — Tue, 13 Oct 2009 05:22:21 +0000

If memory serves, the term sheet series that you and Jason did stated that the two things worth negotiating are money and control. Where'd control go in the new valuation-and-amount model?

By: Brad Feld

Brad Feld — Tue, 29 Sep 2009 20:18:05 +0000

Super neat!

By: @valto

@valto — Tue, 29 Sep 2009 13:39:14 +0000

Brad. I have been following this conversation and development for a while. As we started to develop solutions to this in regards our own service http://www.growvc.com, instead of just "work in our own silo" we decided to just "open source" this whole part of our dev. and so http://www.startupcommons.org was created.

Startup Commons have a three item plan for this:

1. create categorizing model to identify different types of start-ups
2. find/build/attach high level sets of terms for different categories
3. develop efficient web tool to better manage the logistics and communication of the agreeing process (start with high level term sets by category with "blog style" commenting per each term)

We have registered the SC as non-profit association, so it can be used as vehicle for the whole global ecosystem.

Would love to get your feedback and input as well.

By: The Challenge of The Ideal First Round Term Sheet

The Challenge of The Ideal First Round Term Sheet — Tue, 25 Aug 2009 21:01:46 +0000

[...] my share of financings with a set of bullet points in email (I just proposed one today) and I’ve stated that the only things people should care about in the first round financing is (a) valuation a…. That said, there will always be a handful of other things to argue about in a first round [...]

By: Brad Feld

Brad Feld — Mon, 24 Aug 2009 16:08:05 +0000

Yeah – I saw it. It’s actually missing some basic stuff and has plenty of unnecessary stuff in it. Even worse, the issue is NOT a standard term sheet, it’s a standard set of deal docs. I’ll write a post about this soon.

By: JChauncey

JChauncey — Mon, 24 Aug 2009 12:11:04 +0000

This was on techcrunch this morning - http://www.techcrunch.com/2009/08/23/the-funded-p... http://www.docstoc.com/docs/10303638/FFI-Plain-Pr...