Brad Feld

Results for: term sheet

140 Results Found

Term Sheet Series Wrap Up

Aug 23 2005
Jason and I hope you enjoyed reading our term sheet series at least as much as we enjoyed writing it.  While we won’t be competing with our friend Jack Bauer for any drama awards (I tried to make it 24 posts, but could only get to 20), we’ve tried to take a balanced and pragmatic approach […]
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Term Sheet: Indemnification and Assignment

Aug 23 2005
We’re down to our last two sections on a typical VC term sheet.  Since they are both things that most entrepreneurs simply live with as part of a financing, we decided to combine them into one post. The first clause is indemnification and usually looks as follows: “Indemnification:  The bylaws and / or other charter […]
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Term Sheet: No Shop Agreement

Aug 08 2005
As an entrepreneur, the way to get the best deal for a round of financing is to have multiple options.  If you’ve been a studious reader of our term sheet series, you are painfully aware that there are many other terms – beside price – that help define what “the best deal” actually is.  However, […]
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Term Sheet: Initial Public Offering Shares Purchase

Jul 28 2005
Jason and I are planning to finish strong with some serious stuff in our term sheet series, but we figured we’d put one more term in that has us sniggling whenever we see it (a “sniggle” is a combination “sneer-giggle” – sort of like how I reacted to Kidman / Ferrell in Bewitched last night). The […]
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Term Sheet: Founders Activities

Jul 24 2005
I’m going to keep tonight’s term sheet post short and sweet, especially since I’m still reeling from the horrifyingly bad War of the World movie I just saw.  Jason and I are almost done with the term sheet series (yeah, we know we keep promising that) but – like the Spielberg tragicomedy I just watched, it’s not […]
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Boards of Venture Backed Companies – “After The Term Sheet” (Jaffe / Levensohn)

Jul 17 2005
I recently discovered an outstanding article by Dennis Jaffe (Saybrook Graduate School) and Pascal Levensohn (Levensohn Venture Partners) titled “After The Term Sheet: How Venture Boards Influence The Success Or Failure Of Technology Companies.”  Written in 2003, this is one of the best articles I’ve ever seen of the issues and dynamics surrounding the board […]
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Term Sheet: Restriction on Sales, Proprietary Inventions, and Co-Sale Agreement

Jul 15 2005
I had good intentions earlier this week to try to crank out the balance of the term sheet series, but it turned into a busy week.  Since I’m still muddling through the set of terms that either don’t matter much and/or are hard to negotiate away (e.g. chose you battles wisely), I didn’t expect anyone would […]
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Term Sheet: Voting Rights and Employee Pool

Jul 05 2005
Jason and I are feeling the need for closure on our term sheet series as we’ve started gearing up on our next series (M&A).  So – we’re going to knock out the balance of the standard term sheet terms this week.  We’re still in the “terms that don’t matter much zone” so we’re including Voting […]
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Term Sheet: Right of First Refusal

Jun 21 2005
Today’s “term that doesn’t matter much” from our term sheet series is the Right of First Refusal. When we say “it doesn’t matter much”, we really mean “don’t bother trying to negotiate it away – the VCs will insist on it.” Following is the standard language: “Right of First Refusal: Investors who purchase at least (____) shares […]
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Term Sheet – Information and Registration Rights

Jun 20 2005
When Jason and I last wrote about term sheets, Jack was still trying to save the world (surprise – he did) and we dealt with a meaty and important issue – vesting.  For completeness (and because all good “series” deserve to be finished off), we’re tackling the terms that rarely matter in the next couple […]
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