Lee Bagshaw presents this deep dive video series on negotiating Series A term sheets in Southeast Asia. The aim of the videos is to help start-up founders understand the technical content of a typical term sheet, and to highlight the areas that are best to focus on in negotiations with potential investors.
The videos are based around a typical term sheet which you can download below. The term sheet is marked up from a start-up founders’ perspective, and we recommend you watch the video with the mark-up in front of you as Lee refers to it often.
The first video gives a general introduction to the term sheet and explains how to approach negotiations with your investor. The rest of the videos dive into important terms contained in typical term sheets.
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1. introduction
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2. investment terms, cap table and valuation
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3. rights attaching to preference shares (part 1)
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4. rights attaching to preference shares (part 2)
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5. transfer and issue of shares
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6. major share transfers
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7. founder share restrictions
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8. governance
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9. default provisions, exit rights and redemption
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10. transaction documents and closing
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11. summary
