“It’s always a pleasure to sit across people with a vision and conviction large enough to rally change; entrepreneurs define this category.” Shreyan is excited to meet with and learn from this cohort of ace storytellers and hustlers actively building...
Naman is a firm believer in the transformative power of technology and its potential to drive innovation and generate wealth. With his deep understanding and passion for technology, matched by his entrepreneurial spirit, Naman is committed to supporting cutting-edge...
“Nothing can prepare you for entrepreneurship” – professionally and personally Sayantan believes he has learned the most as a founder. At Stellaris, he is excited about leveraging his learnings to help other entrepreneurs. Before Stellaris, Sayantan led product at...
Adding some non-engineering colour to the Stellaris investment team, Rupali can be spotted constantly trying to strike a balance between a disciplined and a fun lifestyle. Prior to Stellaris, she worked in the Middle Market Banking division at J.P. Morgan. A year of...
Ritesh has a strong interest in companies solving uniquely Indian problems, especially those applying new technologies to their industry for the first time. Ritesh focuses on Fintech, Healthcare, Automotive, Travel/ Mobility and Real Estate investments. Prior to...
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.
