Posts Tagged ‘term sheet’
Doing Deals – 3 Tips for Entrepreneurs (Part 3)
by Scott Edward Walker on August 25th, 2011
Introduction
I’ve been doing deals as a corporate lawyer for 17+ years, and there are certain fundamental mistakes that I’ve seen entrepreneurs make over and over again. Accordingly, I thought it would be helpful to share three basic tips in connection with doing deals. This is part three of a three-part series, which was originally posted on Forbes.
In part one, I discussed the importance of being careful with letters of intent, creating a competitive environment and using your lawyer as a “bad cop.” In part two, I discussed the importance of checking your emotions and remaining disciplined, not blinking first and leaving some chips on the table.
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Tags: control the drafting, corporate counsel, diligence, doing deals, experienced lawyer, letters of intent, New York, term sheet, tips for entrepreneurs, venture capital
Posted in Dealmaking Generally | No Comments »
Walker Twitter Highlights: July 4th – 10th
by Scott Edward Walker on July 11th, 2011
Tags: Airbnb, doing deals, entrepreneurs, Marc Andreessen, pivot, raise capital, redemption rights, term sheet, Twitter Highlights, Zynga
Posted in Twitter Highlights | No Comments »
Walker Twitter Highlights: May 9th – 15th
by Scott Edward Walker on May 16th, 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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Tags: developer, entrepreneurs, legal mistakes, pay-to-play, startups, TechStars, term sheet, vc
Posted in Twitter Highlights | No Comments »
VC Term Sheets – Board Control
by Scott Edward Walker on March 24th, 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 the composition of the Board of Directors and specifically addresses the issue of who should control the Board following a Series A financing.
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Tags: Board composition, Board control, Paul Graham, Series A, Series A financing, term sheet, venture, venture capital, Y Combinator
Posted in VC Issues | No Comments »
VC Term Sheets – Dividends
by Scott Edward Walker on March 3rd, 2011
Introduction
This post originally appeared as part of the “Ask the Attorney” series I am writing for VentureBeat. Below is a longer, more comprehensive version, which is part of my series on venture capital term sheets. Here are the issues I have addressed to date:
Today’s post relates to dividends and how to protect the company from over-reaching by the investors.
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Tags: cumlative dividends, dilutive, dividend, dividends, non-cumulative, preferred stock, term sheet, VC term sheet
Posted in VC Issues | No Comments »
What Are Exploding Term Sheets and No-Shop Provisions?
by Scott Edward Walker on February 9th, 2011
Introduction

This post originally appeared as part of the “Ask the Attorney” series I am writing for VentureBeat. Below is a longer, more comprehensive version. Please shoot me any questions in the comments section or, if you prefer confidentiality, via email at swalker@walkercorporatelaw.com.
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Tags: entrepreneurs, exploding term sheets, Fred Wilson, Michael Robertson, no shop, no shop provisions, term sheet, vc
Posted in VC Issues | No Comments »
How Do I Swim Safely in the VC’s Option Pool?
by Scott Edward Walker on September 15th, 2010
Introduction
This post was originally part of my weekly “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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Tags: attorney, co-founder, entrepreneurs, liquidation preferences, option pool, pre, pre-money, startup, stock options, term sheet, valuation, vc, VCs
Posted in Ask the Attorney, VC Issues | 2 Comments »
Walker Twitter Highlights: September 5th – 11th
by Scott Edward Walker on September 12th, 2010
I’m using Twitter as a form of micro-blogging to share interesting articles, blog posts and podcasts relating to entrepreneurship, startup and corporate law issues, and mergers & acquisitions.
For those of you who missed this week’s Twitter updates, below are my five most popular tweets (via bit.ly) and two most popular blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Many thanks, Scott
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Tags: company, entrepreneurs, legal counsel, quora, startups, term sheet, twitter, vc, VC funding, VCs, web
Posted in Twitter Highlights | No Comments »
Dear Entrepreneurs: Choose Your Own Legal Counsel
by Scott Edward Walker on September 8th, 2010
Introduction
The purpose of this post is expand upon my answer to the question on Quora:
“What should you do as a startup when a Bay Area VC insists that you use their expensive legal counsel?”
Mark Suster, a VC at GRP Partners, has also written and spoken about how he likes to “share” his legal counsel with the startup in which he is investing. My advice to entrepreneurs is clear: push back hard on this issue and choose your own strong, independent legal counsel – i.e., a law firm that’s going to work hard to protect you and watch your back.
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Tags: conflicts of interest, entrepreneur, entrepreneurs, ethics, investment banker, investors, legal counsel, M&A, startup, term sheet, vc
Posted in Lawyers, Startup Issues | 4 Comments »
Walker Twitter Highlights: March 14th – 20th
by Scott Edward Walker on March 21st, 2010
For those of you who missed this week’s Twitter updates, below you’ll find highlights of our top tweets. If you would like to see all of our tweets (or if you would like to receive an RSS feed of them), you can do so here.
If you have any questions or comments with respect to any of the tweets below, please contact us through the comments section of this post. Many thanks, Scott
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Tags: acquisition, Ask the Attorney, entrepreneurs, financings, Lawyers, splitting equity, startups, term sheet, twitter, Twitter Highlights
Posted in Twitter Highlights | No Comments »
“Ask the Attorney” – Investment Bankers
by Scott Edward Walker on March 3rd, 2010
Introduction
This post is part of my weekly “Ask the Attorney” series which I am writing for VentureBeat (one of the most popular websites for entrepreneurs). As the VentureBeat Editor notes on the site: “Ask the Attorney is a new VentureBeat feature allowing start-up owners to get answers to their legal questions.”
I have two goals here: (i) to encourage entrepreneurs to ask law-related questions regardless of how basic they may be; and (ii) to provide helpful responses in plain English (as opposed to legalese). Please give me your feedback in the comments section. Many thanks, Scott
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Tags: Ask the Attorney, bidders, entrepreneurs, investment banker, letter of intent, material terms, private equity, term sheet
Posted in Ask the Attorney, M&A Issues | No Comments »