Wednesday, July 10, 2013

Venture Summit 2013, San Diego, CA

San Diego gears up for the 2013 Venture Summit.

YCombinator library
Entrepreneur / VC Books:
◾The Venture Capital Cycle by Paul Gompers and Josh Lerner
◾Done Deals: Venture Capitalists Tell Their Stories by Udayan Gupta
◾The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything by Guy Kawasaki

TERMS SHEETs -Some common terms

Terms sheets presents an investor/VC offer to buy, and may include:

-Convertible Preferred Stock.
-Liquidation preference
-Participation Rights
-Anti-dilution protection w/ preemptive rights and ratchet protection (free shares in the vent of a downround) with variations such as "full ratchet" or "weighted-averaged")
-Affirmative covenants provisions
-Negative covenants
-Demand or piggyback registration rights
-Drag along and tag-along rights. (tag-along rights allow the minority shareholders to sell some of their shares if the majority sells some of theirs)
-Board Seats (depending on percentage ownership)

The investor, as well as the entrepreneur should always consult a licensed attorney for legal advice. The information contained herein is provided for informational purposes only and should not be construed as legal advice on any subject matter.

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