Valuation
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description
Oussama Ammar, co-founder at TheFamily, tells you everything you've ever wanted to know about Valuation.
Transcript of Valuation
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License. This work is protected by copyright and/or other applicable law. Any use of this work other than as authorized under this license or copyright law is prohibited. By exercising any rights to the work provided here, you accept and agree to be bound by the terms of this license. To the extent this license may be considered to be a contract, the licensor grants you the rights contained here in consideration of your acceptance of such terms and conditions.
TheFamily
valuation
Yes! valuation......it’s a non-problem
FUNDRAISING
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
FUNDRAISING
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
