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...
Over the past few months, we’ve seen a plethora of Generative AI applications emerge across various fields; predominantly focusing on business use cases such as sales & marketing, coding, etc., or for infotainment through art, comic generation, and more. ...
Imagine you are responsible for demand generation for a company selling payroll software to mid-market enterprises. Much of your funnel is now generated digitally, as that is where buyers spend most of their time. You have spent a lot of effort in creating the best...
A lot has changed since we started mapping India’s Dev/ Infra startup landscape last year. We’ve seen economic stagnation in some of the largest software markets, a significant upheaval in tech hiring, and a major shift in tech expenditure. Even in these...
Agriculture is the backbone of India’s economy, providing livelihoods to more than half of the country’s population. The sector contributes to about 17% of India’s GDP and is the primary source of food for the country’s growing population....
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.
