Redemption Rights Explained
Most term sheet clauses are about growth: how much money comes in, at what price and with what rights. Redemption rights are different. They are about the exit …
Category
Fundraising
Pitch decks, term sheets, SAFEs and valuations, explained from both the founder and investor side.
Protective Provisions Explained for Founders
Protective provisions are the quiet clauses that decide who can say no. They give preferred investors a veto over certain big company decisions, and most …
Writing an Investor FAQ Document
Every fundraise involves answering the same questions over and over: how big is the market, why now, what happens if a bigger company copies you, how will you …
How to Present Unit Economics to Investors
You probably already know your numbers. The hard part is showing them to an investor in a way that is clear, honest and quick to trust. This guide walks you …
Impact Investing Explained for Founders
If your business exists to solve a social or environmental problem, you may have heard that impact investors are the natural people to fund it. That can be …
Preparing a Mid-Year Investor Update
Your regular investor updates tell people what happened last month. A mid-year investor update does something bigger: it steps back, compares the first half of …
Most Favored Nation Clauses Explained
An early investor asks for "an MFN" and it sounds harmless: they simply want to be treated as well as anyone who comes later. Most of the time it is harmless. …