Term sheets can mystify even seasoned entrepreneurs. How are valuations determined? What do drag-along rights represent? What does a "board observer" actually do? What's all the math behind a cap table?
In 90 short minutes, we'll review the most important aspects of a term sheet in plain English. Topics include:
We'll leave plenty of time at the end of class for Q&A, which will enable you to explore a VC's perspective on any issues of interest. We'll also share a sample term sheet and handy reference materials.
You must be actively working on a startup to attend this class.
Dan is the Director of Community for FirstMark Capital.
Brian Kempner, his co-teacher, is the Chief Operating Officer and General Counsel at FirstMark Capital and focuses on the firm's operational and legal activities. He was formerly the President and General Counsel of The New York Observer. He has over 15 years experience in venture capital.