Rules Of The Start-Up Game.
This is a start-up guide to starting up. You want to take the plunge? And we’ll tell you how to! Registrations, government permissions, contracts, partnerships, terms sheets, shareholder agreements…all Greek and Latin to you? Well, stay with us for the next few weeks and we’ll give you the simple English version.
Every start-up entrepreneur desires validation of his big idea, that others want to invest in his or her dream. But with venture capitalists come Term Sheets. The document that defines who gets what, for how much and on what terms. Term sheets can be daunting with all the jargons they hold. Reps & Warranties, Negative Covenants, Anti-Dilution Rights, Liquidation Rights, Reverse Vesting and what not.
Courtesy: http://youtu.be/-utEOEV6spk
