Over the last three years, the number of parameters in AI models have gone up 16,500x and computing power used to train these foundational models has gone up by a trillion times since 2017. Machines have surpassed an average human in most cognitive tasks be it...
The last place to go looking for startup opportunities is probably the periodic table, yet there might be gold between the hydrogen and helium pieces if you look closely enough. The 6th largest chemical producing country globally, India is home to a $200B+ chemicals...
Consumers led the first wave of tech adoption in commerce, businesses will lead the next! B2B Commerce marketplaces connecting Indian supply with domestic and global demand are leveraging technology to eliminate inefficiencies in the supply chain. Several large...
The Company and the Founders shall complete an initial public offering or a ‘strategic sale’ within 5 years from the Closing Date (“Exit Date”) on terms that are acceptable to the Investor. The failure of Company and Founders to provide an exit by the Exit Date shall not relieve the Company / Founders of their obligations to provide an exit to the Investor, which shall continue until the Investor ceases to hold any shares. In case of failure to provide exit, the Investor shall inter-alia have a drag along right on all other shareholders of the Company.
Liquidation Preference
Higher of 1x or pro rata entitlement on an as-if converted basis in any liquidity event. Liquidity event shall be defined in the definitive documents and will inter alia include change in control or sale of substantially all of the assets of the Company.
Pre-Emptive Rights
The Investor shall, in any subsequent offering of securities by the Company, have a right to maintain their shareholding in the Company. [Note to Draft: Any super pro rata rights will be over and above this and should be included here]
Valuation
The valuation section concerns what an investor believes the company is worth. valuation issues addressed in the term sheet will include: pre-money valuation, post-money valuation, capitalization table and price per share.
