HI Jay, Thank you for providing some useful Term Sheet tips. We are in the process of buying a cruise ship. We have investors lined up and are trying to sort out what to offer them,
3:13 - - Q1: “a term-sheet is not binding” - - is this understood legally, or do you mean it more figuratively? Q2: isn’t a business deal non-binding until shares are actually distributed in writing the documentation of a corporation, +/or people are included as owners/partners in an LLC/LLP agreement?
It is the start of the process. Things continue to change right up until the final definitives are signed. However, if the term sheet is not directionally what you want, you go get another one.
HI Jay, Thank you for providing some useful Term Sheet tips. We are in the process of buying a cruise ship. We have investors lined up and are trying to sort out what to offer them,
3:13 - - Q1: “a term-sheet is not binding” - - is this understood legally, or do you mean it more figuratively?
Q2: isn’t a business deal non-binding until shares are actually distributed in writing the documentation of a corporation, +/or people are included as owners/partners in an LLC/LLP agreement?
I love these TV shows. Great information and flow. Jay's smile is a magic. Thank you for doing this.
thank you Jay for all these tips!!
What software do you use to record your videos? Thank you for sharing your business experience.
At a what discount? Did he say an inferior discount during the second round of a convertible?
What is the true role of Terms Sheets in the process of reaching Financial Close?
It is the start of the process. Things continue to change right up until the final definitives are signed. However, if the term sheet is not directionally what you want, you go get another one.
This is very informative
Thank you Jay
Regards
Gaven Malope
South Africa / Sandton
insightful stuff ty Jay
It’s weird seeing the sponsors for this show over a decade later, most of the businesses are quite successful now.
what is CD %
Thank You a lot
Where am I gonna find $400 an hour for a corporate attorney??? o_O
How about first finding an angel investor or VC firm to offer you a term sheet before worrying about something that isn't applicable yet.
Pheww..!!! finely i get a big burden outa ma head thank Q
`This is really helpfull thank you :)