We’ve gone through every single one of our 142 posts and (1) renamed some, so they summarize their contents more effectively and (2) filed all of them in the appropriate categories. Most of the posts are filed in more than one category.
You need strong alternatives to hack a term sheet. Create alternatives with focus: pitch and negotiate with all your prospective investors at once. Focus compounds scarcity and social proof, which closes deals. Focus also yields a quick yes or no from investors—either way, you will soon get back to building your business.
Create a board of directors that reflects the ownership of the company and don’t let your investors control the board through an independent board seat.
The composition of the board of directors is the most important element of the Series A investment. It is more important than the valuation of your company.
The valuation of your company won’t matter to you if the board (1) terminates you and you lose your unvested stock, (2) forces the company to raise a low-valuation Series B from existing investors by rejecting offers until the company is almost out of cash, (3) merges the company with another private company and wipes out your common stock in the process.