Venture Deals · glossary
The things the company may do only with the investors’ agreement, such as issuing shares or signing a large contract. Solaris has twenty-two, in Schedule 5, and article 20 writes the same list into the constitution. Schedule 5 · Clause 14.2 · Chapter 11
Explained in Chapter 11, Control: the Board, Consent Matters and Information Rights, of Venture Deals.
Every term sheet covers money and power. The money terms include the price, the option pool and the preference. The power terms include the board, founder vesting and the consent matters (what the company may do only with the investors' agreement).Read Chapter 6, The Term Sheet and the Document Set →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Venture Deals and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Venture Deals → · All terms A–Z →