November 9, 2009
Stock Option Vesting Calculator
Simeon Simeonov, the Founder & CEO of FastIgnite, has put together a nice Stock Option Vesting Calculator. It works just fine for stock vesting as well.
Sim is a dynamite ...
August 25, 2009
The Challenge of The Ideal First Round Term Sheet
Suddenly the blogosphere is talking about the need for a standardized first round term sheet. The latest iteration of this seems to have blossomed when TheFunded Founder Institute released a ...
August 17, 2009
Terms, Terms, and First Round Terms
Fred Wilson has a nice post up titled The Ideal First Round Term Sheet. In it he describes the process of closing a financing using a standard set of Series ...
September 24, 2008
Vator.tv Interview With Me On TechStars
Bambi Francisco was at TechStars Investor/Demo Day in Silicon Valley yesterday and did a short interview with me on how TechStars works.
Mom – please listen to at least the ...
June 3, 2008
Revisiting the Term Sheet
In 2005, my partner Jason Mendelson and I wrote a long series of posts describing all of the parts of a typical venture capital Term Sheet. We started on 1/3/05 ...
September 24, 2007
VC’s and Lawyers Need To Think Simpler
I love a good rant and Dave McClure has a doozy up titled VC’s & Tech Lawyers: Innovate, Automate, Simplify. Several years ago when Jason and I wrote our Term Sheet ...
April 2, 2007
Entrepreneurs Blogging About Term Sheets
In 2005, Jason Mendelson (my partner and co-author of AsktheVC) wrote what has become an extremely popular series dissecting the “term sheet.” The feedback we got from it encouraged us to ...
September 28, 2006
Annoying Term Sheet Things
Rick Segal is in the middle of a negotiation and is having some frustration with his co-investor – a “US VC” – around settling on a few terms that he ...
June 19, 2006
Term Sheet: Compelled Sale Right
Every now and then I run into a new VC term in a term sheet that I’ve never seen before. My legs tremble with excitement as I stare at the words ...
January 19, 2006
An Entrepreneur on Term Sheet Terms
Tim Wolters has written a post on anti-dilution clauses from an entrepreneurs point of view. Tim promises to write more on other terms like liquidation preferences, reverse vesting, dividends, class ...
December 12, 2005
Term Sheets: Contentious Issues and Lawyers
For my 40th birthday, I got a couple of cool t-shirts with photos of me substituted for Jack Bauer on 24. The only thing disconcerting was the image of me ...
August 23, 2005
Term Sheet Series Wrap Up
Jason and I hope you enjoyed reading our term sheet series at least as much as we enjoyed writing it. While we won’t be competing with our friend Jack Bauer for ...
Term Sheet: Indemnification and Assignment
We’re down to our last two sections on a typical VC term sheet. Since they are both things that most entrepreneurs simply live with as part of a financing, we ...
August 12, 2005
Unilateral or Serial Monogamy
Earlier this week I did a brief post on the “no shop agreement” that is a common feature in a term sheet. I compared signing a no shop to the ...
August 8, 2005
Term Sheet: No Shop Agreement
As an entrepreneur, the way to get the best deal for a round of financing is to have multiple options. If you’ve been a studious reader of our term sheet ...