{"product_id":"founders-pocket-guide-term-sheets-and-preferred-shares-9781938162060","title":"Founder's Pocket Guide: Term Sheets and Preferred Shares","description":"\u003cp\u003eThis easy to follow guide helps \u003cstrong\u003estartup founders\u003c\/strong\u003e understand the key moving parts of an \u003cstrong\u003einvestment term sheet\u003c\/strong\u003e, and review typical \u003cstrong\u003epreferred share rights, preferences, and protections.\u003c\/strong\u003e Along the way, we also provide easy-to-follow examples for the most common calculations related to preferred share equity deals.\u003c\/p\u003e\u003cp\u003eExpanding on these fundraising concepts, this Founder's Pocket Guide helps startup founders learn: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eWhat a term sheet is and how to summarize the most important deal terms for your fundraising and startup building goals.\u003c\/li\u003e \u003cli\u003eHow preferred stock shares differ from common shares, with review of how each key preferred share right and preference is tied to the investor's shares.\u003c\/li\u003e \u003cli\u003eKey terms and definitions associated with equity fundraising, such as pre-money valuation, founder dilution, and down round.\u003c\/li\u003e \u003cli\u003eHow to decipher legalese associated with a term sheet deal, such as pro rata, fully diluted, and pari passu.\u003c\/li\u003e \u003cli\u003eThe full list of the most common term sheet clauses, their plain English meaning, and their importance to an early-stage investment deal.\u003c\/li\u003e \u003cli\u003eSimple math for the key term sheet financial aspects, including calculating fully diluted shares outstanding, investor equity ownership percentages, and the impact of option pools on founder dilution.\u003c\/li\u003e \u003cli\u003eExample exit scenarios, showing how term sheet deal points impact how exit proceeds get divided among investors and founders.\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e","brand":"1x1 Media","offers":[{"title":"Default Title","offer_id":50516606615826,"sku":"9781938162060","price":7.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_0c513a04-d27c-4b1b-a09d-8bccee0c9781.jpg?v=1731028175","url":"https:\/\/surprise-castle.myshopify.com\/products\/founders-pocket-guide-term-sheets-and-preferred-shares-9781938162060","provider":"Surprise Castle","version":"1.0","type":"link"}