You decide to start a company, and are lucky enough to find investors to fund your venture. You then receive a term sheet... wait, what? It feels like you are reading another language — help! During this discussion, we will explore the mechanics of term sheets, covering the basics and some key issues such as:
What is the difference between pre-money and post-money valuation?
Option pools. Time for a swim?
What is a liquidation preference, and why does it matter?
The cumulative dividend trap
The realities of valuations for startups
Anti-dilution preferences (what could go wrong)?
Afterwards, join them for happy hour!
The event is sponsored by Schwegman Lundberg & Woessner