Thanks to Walker Corporate Law Group, a boutique law firm specializing in the representation of entrepreneurs, for supporting Venture Hacks this month. This post is by Scott Edward Walker, the firm’s founder and CEO. If you like it, check out Scott’s blog and tweets @ScottEdWalker. – Nivi It’s a new year — which means it’s [...]
Entries Tagged as 'Closing'
5 New Year's resolutions for closing deals in 2010
January 6th, 2010 · 11 Comments · Closing, Entrepreneurs, Lawyers, Psychology, Reverse Diligence, Sponsor
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How to close a term sheet quickly
April 28th, 2009 · 3 Comments · Closing
How do you quickly turn a signed term sheet into cash in the bank? I’ve seen entrepreneurs do it in one week and I’ve seen them do it in four weeks. How do you do it as quickly as possible? Complete all business diligence before you sign a term sheet. Set a firm closing date [...]
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When investors try to re-negotiate a term sheet
October 27th, 2008 · 3 Comments · Closing, Downturn
In Be Careful Who You Deal With, Matt McCall, a Managing Director at DFJ Portage, has great advice for entrepreneurs who are dealing with “slimy bottom sucker” investors: “As these markets continue their chaotic path downward, people’s true colors come out. Some people show increasing amounts of fairness and consideration. Others will self-optimize and use [...]
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Discuss your plans before signing a term sheet
October 7th, 2008 · Comments Off · Closing, Plans, Reverse Diligence, Term Sheet
Yesterday, I was brainstorming a list of things-to-do with an entrepreneur who is getting ready to sign a term sheet. After searching through the Venture Hacks archives, I realized one of our posts already covers it: How much diligence should we do before signing a term sheet? I think that post mostly stands the test [...]
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Complete business diligence before you sign a term sheet
November 25th, 2007 · 1 Comment · Auctions, Closing, Due Diligence, Term Sheet
“Once the term sheet is signed, the power shifts away from the startup to the purchaser. The typical term sheet will give the purchaser the discretion to step away from the deal if due diligence is unsatisfactory, or if the necessary internal approvals are not obtained.” — Suzanne Dingwall Williams, on M&A “… there is [...]
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