Investment Rounds: From Bootstrapping to Big Exits
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Key Insights There are various rounds of funding that take place when an entrepreneur has an idea or has a company that they want to get funded. The first is bootstrapping, where the founders use their own money. In that time the company may also receive investment from friends and family. What comes next really […]
Term Sheet Basics
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Key Insights A term sheet is a non-binding agreement. It might also be called a Letter of Intent (L.O.I.) or a Memo of Understanding (M.O.U.). A term sheet may be authored before, during or after due dilligence. Terms sheets typically include 3 parts: Financial terms, control elements and confidentiality. Valuation is one of the biggest […]