Join Whitney Johnson for an in-depth discussion in this video Reaching a deal, part of Entrepreneurship Foundations.
- You've identified people who are interested…in investing in you and your company.…Now it's time to establish rules of engagement.…As a first step,…there will be a term sheet.…This is a nonbinding document…that outlines the terms of your deal.…It will include how much of the…company the investor will own and at what price.…How much stock needs to be set aside…to attract talent.…What kind of rights the investor has…if the company is sold.…Who will be on the board of directors,…and when the deal closes.…In the exercise files I've provided…a link to a sample term sheet…from the National Venture Capital Association.…
In evaluating this term sheet,…you would want to build a capitalization table.…This is a spreadsheet that shows how much…each person owns with the company.…As you negotiate,…you'll want to keep in mind…the investors perspective.…Your first outside investment…will probably come from an angel investor.…A high net worth individual,…who is putting their personal capital at risk.…Usually in the amount of 25,000…
- Finding your idea/problem to solve
- Finding your first customer
- Writing a business plan
- Deciding on a legal structure
- Building a team of employees and advisors
- Marketing your business
- Building a website
- Minding cash
- Managing stress
- Funding growth
- Balancing entrepreneurship and life
Skill Level Appropriate for all
Financial Literacy: Reading Financial Reportswith Rudolph Rosenberg1h 25m Appropriate for all
Management Foundations (2013)with Britt Andreatta2h 9m Appropriate for all
1. Finding Your Big Idea
2. Starting Your Business
3. Building a Team
4. Marketing Your Business
5. Scaling Your Business
6. Funding Growth
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