Our typical thesis in SaaS is about backing great teams in new categories. This typically means that there is no established category (e.g. employee performance management or sales incentive compensation) that solves that pain point. Usually businesses solve these...
Enterprise sales is a journey, not just a transaction. It involves complex project management spread across 100s of emails, telephonic conversations, project management tools and many ad-hoc documents. Add to this, the extensive collaboration and alignment that is...
After-school tuitions are ubiquitous in India, being squarely in the need as opposed to the want category – it is estimated up to 85% of students in private schools in Indian metros receive private tutoring of some form for curricular topics. As a result, it is...
Imagine you sell a SaaS-based HR tool to enterprises. Your solution specifically targets employee engagement, integrates to varying degrees of effectiveness with existing full service HRMS systems, and has very distinct advantages as compared to two key competitors....
As an investor, some investment journeys are a delight to watch – Whatfix has been one of them. They have just concluded their Series B round, where Whatfix welcomed three exceptional new investors – Eight Road Ventures, f-Prime (a Boston based firm) and Cisco....
“Indians are an opinionated lot” – so much so that Mr. Narendra Modi made ‘Chai pe charcha’ as the key publicity drive of his last election campaign. But you don’t need to take anyone’s word for it – you just need to attend an Indian wedding or visit the...
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.