ArchiveDecember 2018

The myth of the Common Director (who must always be the CEO)

“Model” term sheets don’t always make it easy to tell which deal terms are most important for an investor, or for a founder, or for the company as a whole.  The substance may be driven by investors, companies, founders and the market, but the structure is usually driven by lawyers, for lawyers.  The NVCA model term sheet – a term sheet built by lots of lawyers – is organized primarily...

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