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15 results for “term sheets”
...term S and P with more stability, more downside protection, and equivalent diversification, and even potentially a degree of liquidity that private equity doesn't necessarily bring. These are the types of things that you're gonna see us grow in our e
56:14 / 57:19
from transcript56:14 – 57:19
practical ways that you think founders can use to get smart and avoid making those mistakes? The nice part double edged sword here. The nice part about early stage venture is it has kind of come to a consensus on what a good deal looks like. A clean
50:13 / 51:19
from transcript50:13 – 51:19
...terms that are gonna favor the investors. Why? Because if you're raising a bridge, something didn't go right. You don't have very much leverage if you need their capital because, hey, we missed our targets and we're gonna close down in six months. Th
50:59 / 52:04
from transcript50:59 – 52:04
...in in terms of aligning what the expectations are between, let's say, you're about to sign a check to a founder? These little things about how active am I gonna be with your company? How do those agreements get made? How do those expectations get set
59:05 / 1:00:21
from transcript59:05 – 1:00:21
There are some deals that are minority deals where we'll be senior preferred. We'll have all protections around debt, major actions, budget approval, etcetera. And even though that minimum return is on an accrued basis on an exit liquidation event or
32:18 / 33:25
from transcript32:18 – 33:25
...deal term that gets propagated across That's right. Documents for years thereon after. That's how it works. But, Dan, I wanted to ask you something. Okay. So you say there's more fortification in a lot of deal terms, more protections perhaps for both
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from transcript20:59 – 22:03
...vision. I think every employee in every company should have ownership, should have a portfolio of the companies that they go through. You know, there's a long way to go with that.
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from transcript54:38 – 55:46
...because in terms of where your income is gonna get, it is gonna really be meaningful. It's probably gonna be more on the equity side. So is it is it to kinda keep all employees motivated and obviously happy? Yes. It's also to avoid debt equity. Right
27:34 / 29:03
from transcript27:34 – 29:03
or smaller versions of themselves that they knew would be instantly accretive if their customers are on their books. As a creative way to stair step into that investment, we've done a number of deals where we will buy either a little more or a little
37:34 / 38:35
from transcript37:34 – 38:35
...term sheets that somebody has signed or almost signed? I've seen a few sort of horror stories in in not just in term sheets, but also in the kind of investment documents themselves where, some investors have been a little bit harsh in terms of their
6:34 / 7:56
from transcript6:34 – 7:56
...with terms. So if if you're an employee thinking about using debt to finance your equity purchases, like,
47:14 / 48:17
from transcript47:14 – 48:17
So of course, we have a cumulative default charge off ratio, which is very, very low, like under five and ten basis points for both senior and junior assets. But when you take those de minimis losses, and you put equity gains and upside on top of it,
41:08 / 42:22
from transcript41:08 – 42:22
...the term sheet or maybe even gone so far as to sort of, you know, close the funding round. And so they've, you know, they've signed up to the new shareholders agreement, the new articles of association, whatever it might be. I've seen a few provision
7:28 / 8:30
from transcript7:28 – 8:30
and how are both sides protecting themselves when those things go wrong? The clauses are simply implementation details to your point. Revesting is an implementation detail, but each of those are coming back to, here's the way things could go wrong, a
39:42 / 40:46
from transcript39:42 – 40:46
“VC says advisors-for-equity is rarely a good idea - here's why”
and where sort of the advisers for equity come into play. When is this a good idea and when might this be a mistake or get thrown around too easily? I'm laughing because it's like, I think it's rarel
18:19 / 18:56
contrarian take18:19 – 18:56
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