VC Career Accelerator ,

VC Term Sheets

Term sheets are the most complex documents negotiated in Venture Capital. A large number of parameters, beyond valuations and instruments used, need to be negotiated. This module focuses on the non-economic terms: Founders' Obligations, Governance, and Liquidity.

View Course details

Course Content

Expand All

INTRODUCTION TO VC TERM SHEETS

How Much Do You Know About VC Term Sheets?

Structure Of This Course

The Three Imbalances Of VC Sample Unit

Asymmetry of Information

Difference In Cost Base

What Is A Term Sheet?

When Are Term Sheets Signed?

Why Are Term Sheets Used? Sample Unit

Main Sections of the Term Sheet

Go Further: Templates Debates

Section 1 Wrap-Up

Expand

Unit Content

VC Term Sheets – Quiz 1 (Introduction)

FOUNDERS' OBLIGATIONS

Founders’ Obligations (Introduction)

Non-Compete & Non-Solicit

Exclusivity, NDA, IP

Section 2 Wrap-Up

Expand

Unit Content

VC Term Sheets – Quiz 2 (Founders’ Obligations)

GOVERNANCE CLAUSES

Governance (Introduction)

Protective Provisions

Management and Information Rights

Matters Requiring Preferred Director Approval

Section 3 Wrap-Up

Expand

Unit Content

VC Term Sheets – Quiz 3 (Governance Clauses)

FUTURE ROUNDS

Raising More Money

Down Rounds Sample Unit

Pro Rata Rights

Anti-Dilution Provision (1)

Anti-Dilution Provision (2)

Section 4 Wrap-Up

Expand

Unit Content

VC Term Sheets – Quiz 4 (Future Rounds)

LIQUIDITY CLAUSES (1)

Liquidity (Introduction)

Liquidation Preference Sample Unit

Optional & Mandatory Conversions

Section 5 Wrap-Up

Expand

Unit Content

VC Term Sheets – Quiz 5 (Liquidity Clauses 1)

LIQUIDITY CLAUSES (2)

Right Of First Refusal (ROFR)

Right Of First Offer (ROFO)

Redemption Rights

Section 6 Wrap-Up

Expand

Unit Content

VC Term Sheets – Quiz 6 (Liquidity Clauses 2)

1 of 2

+262 enrolled

Not Enrolled

Take this Course

Part of VC Career Accelerator

Course Includes

51 Units
6 Quizzes