Term Sheets and Valuations: A Line by Line Look at the Intricacies of Term Sheets and Valuationsby Alex Wilmerding
Pub. Date: 05/28/2003
Publisher: Aspatore Books
Term Sheets & Valuations is the first ever in-depth look at the nuts and bolts of term sheets and valuations. The book, written by leading venture capitalist Alexander Wilmerding of Boston Capital Ventures, covers topics such as What is a Term Sheet, How to Examine a Term Sheet, A Section-by-Section View of a Term Sheet, Valuations, What Every Entrepreneur & Executive Needs to Know About Term Sheets, Valuation Parameters, and East Coast Versus West Coast Rules. In addition, the book includes an actual term sheet from a leading law firm with line by line descriptions of each clause, what can/should be negotiated, and the important points to pay attention to. A must have book for any venture capitalist, executive, entrepreneur, lawyer or financial professional.
Table of Contents
|Chapter 1||Term Sheet Basics||7|
|Chapter 2||How to Examine a Term Sheet||19|
|Chapter 3||A Section-by-Section View of a Term Sheet||31|
|Chapter 4||Valuations and the Term Sheet||82|
|Chapter 5||What Every Entrepreneur Needs to Know About Term Sheets||94|
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Most Helpful Customer Reviews
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The author does a very good job of breaking down term sheets so they can be understood with ease. However, I would have liked to have seen more treatment on valuations since both go hand in hand.
I use this book on every deal our firm does - anyone who is a venture capitalist, lawyer or entrepreneur that has not read this book is in trouble.
As a VC, I can tell you this is THE book every VC, lawyer, investment banker and entrepreneur has on their desk regarding term sheets. It is a great overall reference and a the line by line explanations are extremely important for anyone doing deals.
This is a first rate book-regardless if you are a seasoned venture capitalist or first time entrepreneur. Having been a venture capitalist for 22 years now, the term sheet in this book is boilerplate-but it is 1 of the 4 boilerplate term sheets every legitimate lawyer/venture capitalist uses as a term sheet-and available for the first time ever in the 'public domain.' In addition, what makes the book so valauble is the line by line wording and analysis for entrepreneur favorable, investor favorable and neutral. I highly recommend this book to every entrepreneur, venture capitalist, and executive of every level-it is a MUST have on your bookshelf as a timeless reference.