Law Pivot teams up with Guy Kawasaki again in article “The 10 Biggest Booby Traps of Term Sheets”
Guy Kawasaki has once again collaborated with LawPivot on an article, this time to advise entrepreneurs on what to watch out for when signing a term sheet with investors. LawPivot co-founder Nitin Gupta, formerly a lawyer at Townsend, worked with several lawyers in the Law Pivot network to generate a list of “The 10 Biggest Booby Traps of Term Sheets.” If you are an entrepreneur thinking about outside funding or entering into the process of funding your company, you should be familiar with this list. A sample of the issues discussed in this article includes:
- Resetting vesting of shares
- Milestone-based financing
- Liquidation preferences
- “No Shop” agreement
Click here to read the full article.