Brad Feld of Mobius Venture Capital has done a great job of raising issues and sharing experiences with various elements of a VC term sheet with a balanced perspective. So far, here’s what he has…
Brad claims the list is complete (one update below)…
- Conversion
- Liquidation Preference
- Price
- Redemption Rights
- Dividends
- Pay to Play
- Anti-dilution
- Protective Provisions
- Board of Directors
- Conditions Precedent to Financing
- Vesting
- Information and Registration Rights
- Right of First Refusal
- Voting Rights and Employee Pool
- Board compensation
- Update: Restriction on Sales, Proprietary Inventions, and Co-Sale Agreement