Accelerate 2010: “Hacking Term Sheets”
I’ll be leading the Day 1 Start-up Mini Track session titled “Hacking Term Sheets” at the upcoming Accelerate 2010 event. This is my pre-amble to the session, in the hopes of drumming up some interest...
View ArticleHacking Term Sheets
Here’s my slides from “Hacking Term Sheets” at SingTel Accelerate 2010. It was my first ever professional presentation, so I was glad to see the room filled with people, and even happier to be peppered...
View ArticleTerm Sheet from Hell
I thought I’d seen it all, but I was wrong. An entrepreneur was referred to me by a friend. He had just received a term sheet from an investor, and wanted a second opinion. My … Read more
View ArticleTerm Sheet from Hell: (Molten) Liquidation Preference
I’ll start my “Term Sheet from Hell” series by taking a closer look at its liquidation preference clause. There’s a lot of existing literature on liquidation preferences so I won’t be repeating the...
View ArticleTerm Sheet from Hell: (Diabolical) Redemption & Put Option
Last time round, we saw how liquidation preference and participation can combine to affect the entrepreneur’s prospective exit liquidity. I realised I missed out one important point after a reader...
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