Blog: March 2016

Investment in Startups: Main Impacts of Change in Investors’ Term Sheets

During the last few years, the trend of venture capital firms and other investors requesting liquidation preferences in term sheets has significantly changed. In the last three or four years, investors have switched from fully participating preferred shares in most previous deals, to non-participating preferred shares in a majority of deals. In this article, we’ll … Continue reading Investment in Startups: Main Impacts of Change in Investors’ Term Sheets

From Seed Convertible Note to Series A Round – The Real Impact for Startups’ Founders

Many startups at the seed stage raise capital from private investors and issue convertible notes or notes known as ‘SAFE’ (Simple Agreement for Future Equity).  At this stage, their cap table is still relatively simple, and includes exclusively common shares and perhaps a few options granted to key employees. The problem for companies’ post-money Series … Continue reading From Seed Convertible Note to Series A Round – The Real Impact for Startups’ Founders