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Entries Tagged as 'Term Sheet'

Discuss your plans before signing a term sheet

October 7th, 2008 · No Comments

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 of [...]

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Learn more about: Closing · Plans · Reverse Diligence · Term Sheet

Complete business diligence before you sign a term sheet

November 25th, 2007 · No Comments

“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 a wide [...]

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Learn more about: Auctions · Closing · Due Diligence · Term Sheet

Term Sheet Hacks: Get a Great Deal

April 1st, 2007 · 31 Comments

“Having information that the other side doesn’t have gives [VCs] an advantage… they take advantage of entrepreneurs who haven’t been through this before… they were totally willing to take advantage of us.”
– Mitch Kapor, Founders at Work
“Knowledge is Power.”
– Sir Francis Bacon
In this series of articles, we’re going to explain how to negotiate a great [...]

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Learn more about: Launch · Lawyers · Negotiation · Term Sheet