Funding

Venture Capital Term Sheets – What to know

May 16, 2017

Term sheets are an integral element of fundraising from investors and Venture Capital funds. After your investment pitch builds investor interest and develops into negotiation a term sheet becomes the basis on which an initial agreement on deal terms is signed. The parties can then go into detailed due diligence to hammer out all the specific and close on the actual investment knowing that there is intention round the table to complete the process.

Entrepreneurs must be proficient and knowledgeable when it comes to term sheets – you can rely on legal counsel and your CFO for a lot of backup and expertise but this doesn’t preclude the need for the entrepreneur to understand the details in a term sheet.

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Business Strategy

The importance of policies in an organization

March 15, 2017

It is said certain things are better when written down – letters, grocery lists, important thoughts… and we’d add POLICIES. We can sum this blog up in three words – Policies are critical. To get everyone reading this to agree would indeed be a utopian world but let us explain why we see things this way. Often while dealing with startups we face the challenge of convincing them to adopt certain policies and procedures. They’re usually reluctant, not understanding the value behind this small yet significant step. But why is this step so important? Policies are implemented early with the intention of enabling anticipated growth in the future. Postponing policies to a later stage does create problems downstream because there might be a resistance of moving away from what is “easier.”

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