Posts Tagged ‘protective provisions’

Should I Use My Investor’s Lawyer?

by Scott Edward Walker on August 31st, 2011

Introduction

This post was originally part of the “Ask the Attorney” series which I am writing for VentureBeat (one of my favorite websites for entrepreneurs).  Please shoot me any questions you may have in the comments section – or feel free to call me directly at 415-979-9998 (San Francisco) or 310-288-6667 (Los Angeles).  Thanks, Scott

Question

We’re a startup based in Palo Alto, and we just received a Series A term sheet for a $725,000 investment.  The investor is kind of insisting that we use his lawyer at a big Valley firm to represent us.  He said that he doesn’t need a lawyer, and this will save us a lot of money.  We’re first time entrepreneurs, and we don’t know if this is standard practice and what we should do.  Any advice would be appreciated.

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Venture Capital Term Sheets: Conversion Rights

by Scott Edward Walker on June 9th, 2011

Introduction

This post originally appeared as part of the “Ask the Attorney” column I am writing for VentureBeat; it is another installment of my ongoing series regarding venture capital term sheets.  Here are the issues I have addressed to date:

In today’s post, I examine conversion rights of investors.

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VC Term Sheets – Pay to Play Provisions

by Scott Edward Walker on May 19th, 2011

Introduction

This post originally appeared as part of the “Ask the Attorney” column I am writing for VentureBeat.  Below is a longer, more comprehensive version, which is part of my ongoing series on venture capital term sheets.  Here are the issues I have addressed to date:

In today’s post, I examine “pay-to-play” provisions, which can be an important protection for the founders.

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Walker Twitter Highlights: April 18th – 24th

by Scott Edward Walker on April 25th, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.  If you missed this past week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Thanks, Scott

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Should We Execute the “Series Seed” Documents with No Negotiations?

by Scott Edward Walker on April 21st, 2011

Introduction

This post was originally part of my “Ask the Attorney” series which I am writing for VentureBeat (one of my favorite websites for entrepreneurs).  Below is a longer, more comprehensive version.  Please shoot me any questions you may have in the comments section – or feel free to call me directly at 415-979-9998.  Many thanks, Scott

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Walker Twitter Highlights: April 4th – 17th

by Scott Edward Walker on April 18th, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.  If you missed the past two weeks’ Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Thanks, Scott

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VC Term Sheets – Protective Provisions

by Scott Edward Walker on April 7th, 2011

Introduction

This post originally appeared as part of the “Ask the Attorney” column I am writing for VentureBeat.  Below is a longer, more comprehensive version, which is part of my ongoing series on venture capital term sheets.  Here are the issues I have addressed to date:

Today’s post relates to protective provisions, which is something VC investors almost always require in a priced round (i.e., equity issuance).

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