Two and a half years ago when we launched Zelkova and made our first investment (Ribbit) I received a stack of closing
documents and while I knew many of the high-level concepts (valuation, liquidation, voting, etc) there was a lot more in there that I wanted to understand better.
I immediately ran over to Barnes & Noble and purchased Term Sheets & Valuations by Alex Wilmerding. This book has become my go to guide whenever I have a question about different ways of structuring a term or how a term sheet is being structured. The book explains every part of the term sheet and provides examples of investor favorable, entrepreneur favorable and middle of the ground drafting.
This is a must read book for anyone who is out raising money and is a handy guide for VC’s who want a quick reference.
o comments: 4 people listening? i think i can deduce, but i don't like the language. just like i would like to tell @klout, i i would prefer the choice to call myself a back room cigar smoking kind, instead of connector, or something less bulky of course, but you get the crux: i am one of the many who never likes the way connector rolled off the tongue.....turntable fm, have you given it a spin?....maybe, create a Zelkova room at odd hours for those on the grid when others lay asleep
i do believe it was in one of these recent blogs that someone wrote of the obvious.....get out there and comment on things...sorry i taking it out on you
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