Krishna Kumar, Founder & CEO at Simplilearn has transformed the Indian edtech space by building the world’s #1 online bootcamp for digital skills training. Krishna started the Simplilearn journey with a passion for blogging and teaching. He strongly believes...
In a downcycle, existing customers will matter even more than they did before. Not only is their retention & expansion important, but they are also your best advocates to new prospects. So, how do you market to, and market with, your existing customers, and who is...
Rajesh Yabaji, Co-founder & CEO at BlackBuck is building India’s largest trucking platform with the aim of transforming trade in India. Rajesh has pole vaulted as an entrepreneur, driven by his resilience and perseverance. An IIT Kharagpur graduate, Rajesh...
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...
Watch Jitendra Gupta, Founder, Jupiter and Sumit Gwalani, Co-founder, Fi in conversation with Ritesh Banglani on the evolution of neo-banking in India: consumer behaviour, monetization opportunities, regulatory landscape and the way forward. 00:00 – 01:07:...
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.
