OpenUp: Term Sheets and Term Types

Jeff Erickson

Organizers

Jeff Erickson

Jeff is an experienced entrepreneur and was the founder and CEO of a successful consumer goods company that was ranked #138 on the Inc. 500 list of fastest growing companies. He is also the founder of The Startup Stack, a site that provides over $170,000 worth of perks available to early-stage startup founders. Jeff currently serves on the advisory boards of several startup companies and is an active angel investor. He is passionate about startups and enjoys working with founders and mentoring entrepreneurs.

Other Organizers

Tara Spalding
Tara Spalding
Website
https://boomstartup.com/shop/mentor-session-tara-spalding/

Tara Spalding Managing Director, BoomStartup Accelerator Tara Spalding is Managing Director of BoomStartup Accelerator. BoomStartup is an accelerator and mentorship-driven angel-stage investment program for startups. It operates as an online technology-driven accelerator, providing entrepreneurs a custom business plan including business maturity guidance, investment preparation, and capital structuring relevant to growth, and investment strategies as well as a curated marketplace for services. Tara is also the founder of Hen House Ventures, an early stage incubator that helps tech companies rapidly scale when entering massive markets, and is also on the board of trustees for VentureCapital.org. Tara is the recipient of the 2020 Utah Business 30 Women to Watch award. Tara began her high-tech career in Silicon Valley when she taught herself to code software and became the first employee, and eventually VP of marketing at industry leader, SugarCRM. Her Silicon Valley experience included roles as CMO at GroundWork Open Source, VP marketing at Magnet Systems, and co-founder and CPO at BenchPick. Tara received her bachelors from University of Colorado, Boulder.

Category

Location

On-demand Recording

Term negotiations is the do-or-die moment to see if the entrepreneur’s valuation and use of funds and expectations meet or exceed the investor’s perspective. If Term types and term sheets are not unanimous, then there’s no purpose to get the SPV or purchase agreement going.

This webinar helps first-time fundraising founders understand the basics about the three common term sheets offered by investors and the key terms that will shape the deal. It’s a great program to refresh your vocabulary and hear stories about fundraising.

This webinar will cover

  • The difference between a Priced Round, Convertible Note, and a SAFE sheet
  • Basic terms and conditions equity-based investments use and leverage
  • How to get help from an attorney and other advisors to make sure you’re not giving up too much ownership

WHO SHOULD ATTEND
Founders who are considering fundraising in the immediate future.

DATE
January 25, 2022

FORMAT
This is a live, virtual webinar interview hosted through Zoom.

FEE
$0

EXPERTS
Tara Spalding

JEFF ERICKSON, Angel Investor & Startup Advisor
Jeff is an experienced entrepreneur and was the founder and CEO of a successful consumer goods company that was ranked #138 on the Inc. 500 list of fastest growing companies. He is also the founder of The Startup Stack, a site that provides over $170,000 worth of perks available to early-stage startup founders. Jeff currently serves on the advisory boards of several startup companies and is an active angel investor.  He is passionate about startups and enjoys working with founders and mentoring entrepreneurs.

TARA SPALDING, Managing Director, BoomStartup
Tara Spalding is Managing Director of BoomStartup Accelerator, a subsidiary of Assure. Founded in 2011 in Salt Lake City, Utah, BoomStartup is a global, mentorship-driven, angel-stage investment preparedness program for startups. It is an online, inclusive accelerator, helping first-time founders on business maturity guidance, investment preparation, capital structuring, and investment strategies. Under Tara’s leadership, BoomStartup will engage with over 1,000 startups from across the world and across various industries in 2021 alone.

Prior to her current role, Tara founded Hen House Ventures in 2012, an early stage incubator that helps tech companies rapidly scale when entering massive markets. Supporting over 40 technology companies located throughout the US and Canada, Hen House Ventures helped startups secure over $20M in early-stage venture capital.

Tara began her tech career in Silicon Valley when she taught herself to code software and became the first employee, and eventually VP of marketing at industry leader, SugarCRM. Her experience included roles as CMO at GroundWork Open Source, VP marketing at Magnet Systems, and co-founder and CPO at BenchPick. Tara received her BS in Business Administration from University of Colorado, Boulder.