Posts Tagged ‘redemption rights’

VC Term Sheets – Investors’ Option to Walk

by Scott Edward Walker on September 14th, 2011

Introduction

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

In today’s post, I examine the non-binding and conditional language in term sheets.

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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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Walker Twitter Highlights: August 11th – 21st

by Scott Edward Walker on August 22nd, 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.  Below are my five most popular tweets (via bit.ly) for the past 10 days and a couple of Quora-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Cheers, Scott

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What Are the Rights of Minority Stockholders?

by Scott Edward Walker on July 27th, 2011

Introduction

For the past few months, I’ve been discussing the rights of VC investors in connection with preferred stock financings, including the following:

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Posted in Startup Issues | 3 Comments »

Walker Twitter Highlights: July 4th – 10th

by Scott Edward Walker on July 11th, 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.  Cheers, Scott

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Venture Capital Term Sheets – Redemption Rights

by Scott Edward Walker on July 7th, 2011

Introduction

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

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

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Webinar for Entrepreneurs: Venture Capital Term Sheets (Plus More)

by Scott Edward Walker on April 15th, 2010

Introduction

My colleague, Susan Morgan, conducted a webinar yesterday with respect to venture capital term sheets for the “CFO University,” which is group of Chief Financial Officers convening monthly webinars via CFOwise.  As I have previously discussed, Susan recently joined our team and has strong financing experience, including 7+ years at Fenwick & West in Silicon Valley where she closed more than 30 financings.  (You can learn more about Susan’s background on her bio page.)  In conjunction with the webinar, Susan also wrote a brief post on convertible notes.  You can see the webinar and read the post below.  Many thanks, Scott

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