October 2010
Beginner
352 pages
6h 11m
English
Content preview from Do More Faster: TechStars Lessons to Accelerate Your Startup
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 63. Get Help with Your Term Sheet
Jason Mendelson
Jason is a managing director at Foundry Group and has been a TechStars mentors since 2007.
The good news is that you received a term sheet from an investor wanting to give you a much-needed financing. The bad news is now you have try to understand what all this legal jargon means and how to negotiate for the best possible deal. So how do you do it?
First, realize that you'll never be as good at negotiating a term sheet as an investor who regularly invests in startups. And you'll also never be as good as his lawyer. So as a first step, make sure that you have good legal counsel.
But that doesn't mean that you should just send your lawyer the term sheet and say, "Finish it." There are too many important issues to deal with and you need to have a working knowledge of what the terms mean, which ones matter, and what some of the trade-offs are that your business will make should you accept certain provisions.
In general, there are only two things that investors really care about when making investments: returns and control. Returns refers to the end-of-the-day financial return the investor will get and the terms that have direct impact on these economics. Control refers to mechanisms that allow the investors to either affirmatively exercise control over the business or to veto certain decisions the company can make. If you are negotiating ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.