84 lines
2.2 KiB
Org Mode
84 lines
2.2 KiB
Org Mode
#+title: Section 15 | Lesson 81 - Important Investment, Great Marketing
|
|
#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../_share/media/css/org-media-sass/categories/business.css" />
|
|
#+OPTIONS: H:6
|
|
|
|
* Links
|
|
- [[./../mba-main.org][TOC | Business]]
|
|
- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4307066#overview][S15:L81 course video]]
|
|
|
|
* notes
|
|
|
|
** term sheet
|
|
- non binding
|
|
- basic terms
|
|
- you can do it for free
|
|
|
|
** chat explanation
|
|
|
|
*** Purpose
|
|
- Non-binding summary of key terms before drafting full legal contracts.
|
|
- Serves as a blueprint for the final agreement.
|
|
|
|
*** Common Use Cases
|
|
- Startup investments (VC/angel funding)
|
|
- Mergers and acquisitions (M&A)
|
|
- Partnerships and joint ventures
|
|
- Large financing deals
|
|
- Real estate or major service agreements
|
|
|
|
*** Key Sections in a Term Sheet
|
|
**** Valuation & Investment
|
|
- Company valuation
|
|
- Amount to be invested
|
|
- Price per share / equity percentage
|
|
|
|
**** Rights & Governance
|
|
- Board seats
|
|
- Voting rights
|
|
- Investor protections or veto rights
|
|
|
|
**** Founder & Team Provisions
|
|
- Vesting schedule
|
|
- Roles and responsibilities
|
|
- Restrictions (e.g., non-compete, full-time requirement)
|
|
|
|
**** Financial Terms
|
|
- Liquidation preference
|
|
- Dividends (if any)
|
|
- Anti-dilution protections
|
|
|
|
**** Exit & Transfer Terms
|
|
- Rules for selling the company
|
|
- Buyout scenarios
|
|
- Rights of first refusal / co-sale rights
|
|
|
|
**** Legal & Administrative Terms
|
|
- Closing conditions
|
|
- Due diligence requirements
|
|
- Timelines for completing the deal
|
|
|
|
*** Binding vs Non-Binding
|
|
- Most of the document is *non-binding*
|
|
- Binding parts typically include:
|
|
- Confidentiality
|
|
- Exclusivity / no-shop clause
|
|
- Dispute resolution
|
|
|
|
*** Why a Term Sheet Matters
|
|
- Aligns expectations early
|
|
- Reduces legal costs
|
|
- Prevents misunderstandings
|
|
- Speeds up negotiation and contract drafting
|
|
|
|
|
|
** minimal structure for a term sheet
|
|
1. Parties
|
|
2. Purpose of agreement
|
|
3. Investment amount / contribution
|
|
4. Ownership or percentage rights
|
|
5. Governance (decision-making, voting)
|
|
6. Financial terms (profit split, dividends)
|
|
7. Restrictions (non-compete, full time, IP ownership)
|
|
8. Exit terms (what happens if someone leaves)
|
|
9. Timeline / closing conditions
|
|
10. Binding clauses (confidentiality, exclusivity)
|