Anuj Srivastava, as his introduction on LinkedIn suggests, is a founder, creator, angel investor and googler. Anuj has worked as the Global Head of Product Marketing for the e-commerce team at Google. With years of experience in leading worldwide product marketing...
“NPV of all start-ups is negative”, says a close friend of mine (Alok) and a very successful VC in the Bay Area. It is true. It is a hard path, with the odds always against you. You have to deal with a hundred battles to get to the finish line – finding product market...
The nature of enterprise software has changed rapidly – significantly higher design/ usability expectations, cloud or hybrid cloud deployments, pay as you go pricing (sometimes usage based) and increased security & privacy concerns. As a result, one can argue that...
By Ashu Garg Founders rarely start companies because they want to manage people or scale teams. In fact, many founders have never managed people and don’t really want to do so. At the same time, most founders do want to be the CEO for as long as possible; because the...
The Boston Consulting Group (BCG) has been conducting an annual survey to capture India’s explosive growth in digital consumer spending. Neeraj Aggarwal, Senior Partner and Chairman, Asia Pacific, BCG talks about his views on the “The evolving Indian consumer”...
There are multiple techniques to conduct interviews. Before I go into anything specific, do you have any thoughts on what have you seen work and what didn’t? While interviewing a candidate, the objective is to figure out if he/she can add value to your company....
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.