On a mission to enable brands to switch from virgin plastic to sustainable alternatives, Cirkla is building a comprehensive end-to-end platform that provides solutions from portfolio assessment to product delivery. In this edition of #JourneyToFounding, Vaibhav Goel,...
On a journey to revolutionize the way businesses overcome go-to-market challenges, Factors.ai is building a B2B visitor intelligence, account analytics, and revenue attribution platform. Hear Srikrishna Swaminathan, Co-founder & CEO of Factors.ai capture his...
Credflow started in 2020 with a mission of making SMEs cash rich by reducing their working capital stuck in long receivable cycles. With its full stack cash flow management solution, Credflow has been helping SMEs manage their finances better, drive smarter business...
“We are in a very critical moment of history. When we look back, we want everyone to say that Signzy is the company that built the bedrock of the embedded digital financial services world.” Ankit Ratan along with Arpit Ratan and Ankur Pandey started Signzy with a...
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.
