Climate change is increasingly being seen as the most important problem facing us at the moment. Extreme weather events are occurring more frequently e.g. heatwaves and droughts are 2.8X and 1.7X more likely, respectively, as compared to a 1900 baseline. Their impact...
In India, small fleet operators fulfil 85% of India’s logistics needs. Although the backbone and crucial player in the logistics economy, the trucking industry is riddled with inefficiencies. The Indian government will announce the much-awaited National Logistics...
Imagine a world where drones deliver your Swiggy order to your home, where you can play Fortnite with your buddies as if they were sitting right next to you and instantly stream Netflix at 4K resolution on your phone during your morning commute. With the latest 5G...
Skillful inventory management, last-mile logistics planning, and tight execution are key to pull off the seemingly impossible. You might have noticed advertisements all over your city or web browsers claiming to deliver your groceries and daily needs in 10...
Every SaaS startup board is asking the question – will spending on software go down, stay flat or actually go up as a result of the downcycle. Notice that no one is questioning whether there is a downcycle or not – it is a foregone conclusion. Like all...
As software ate the world over the last decade, dev companies (ie, businesses with developers as the primary users) ended up building a massive market- $55B+ in annual revenues, still growing fast at 20%+ YoY. Since every 4th developer on the planet lives in...
The Company and the Founders shall complete an initial public offering or a ‘strategic sale’ within 5 years from the Closing Date (“Exit Date”) on terms that are acceptable to the Investor. The failure of Company and Founders to provide an exit by the Exit Date shall not relieve the Company / Founders of their obligations to provide an exit to the Investor, which shall continue until the Investor ceases to hold any shares. In case of failure to provide exit, the Investor shall inter-alia have a drag along right on all other shareholders of the Company.
Liquidation Preference
Higher of 1x or pro rata entitlement on an as-if converted basis in any liquidity event. Liquidity event shall be defined in the definitive documents and will inter alia include change in control or sale of substantially all of the assets of the Company.
Pre-Emptive Rights
The Investor shall, in any subsequent offering of securities by the Company, have a right to maintain their shareholding in the Company. [Note to Draft: Any super pro rata rights will be over and above this and should be included here]
Valuation
The valuation section concerns what an investor believes the company is worth. valuation issues addressed in the term sheet will include: pre-money valuation, post-money valuation, capitalization table and price per share.