When we launched in 2016, we took the unusual approach of saying we’d buy common stock in startups. We believed then, and still do, that alignment with founders was more important than covering our ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

What Is A Term Sheet? A term sheet is a document that outlines the key terms and conditions of an investment or exit deal. It serves as a non-binding agreement that provides clarity and scope of ...

January 11, 2024 - When negotiating licenses to intellectual property (IP) or collaboration agreements (such as research partnerships, sponsored projects, and joint ventures), universities frequently ...

Critically, term sheets can also vary in their enforceability—some being binding, some nonbinding or some combination of the two. When deals run into trouble, or fall apart completely, litigants will ...

The optimal timing to discuss term sheets in a transaction process can depend on many factors, including the goals of the partnering discussion. For simplification in this article, it will focus on ...

When startup founders review a VC term sheet, they are mostly only interested in the pre-money valuation and the board composition. They assume the rest of the language is “standard” and they don’t ...