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TheFamily

valuation

Yes! valuation......it’s a non-problem

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valuationit’s a negotiation tool

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the Term Sheeta pact with the devil(wake up! it’s technical)

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• Stock price x nbr of stock = valuation

• Liquidation preference

• Anti-dilution

• Vesting (bad leaver / good leaver)

• Employee Pool

valuation

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Board

control

Special Rights

Drag-along / Tag-alongFUNDRAISING

• Dividends

• Preconditions

• Milestones

• Information Rights (don’t be casual)

• Preferred stock

• Exclusivity

other clauses

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Fonds

Les acteurs de l’investissement

Angels

Seed VC VCFUNDRAISING

negotiation tacticsNEGOTIATE the unimportant stuff AND CONCEDEin order to get what’s really important

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if YOU’re not desirableIT’S JUST A WASTE OF TIME!

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• ATTENTION! A bad lawyer is harmful

• You are always going to pay the investors’ lawyers so MAX CAP

• It’s like that, don’t even try to change this practice

• What is a good lawyer? With Serge Vatine

your lawyer

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You are Welcome to Join the Adventure

hey@thefamily.co