Pittsburgh Pennsylvania Terms for Private Placement of Series Seed Preferred Stock
State:
Multi-State
City:
Pittsburgh
Control #:
US-ENTREP-005-2
Format:
Word;
Rich Text
Instant download
Description
Seed funding typically refers to the first money invested in the company from a source other than the founders. It can also be helpful to think of seed funding as the money invested in the company before it raises its first round of venture capital. The Term Sheet is a nonbinding agreement between an investor and the company, that outlines the broader terms and conditions of an investment deal. Parties frequently use it as a template and starting point for the more detailed and legally binding documents that come later. Once parties agree on the details contained in the Term Sheet, the process moves forward to forming the legal documents that facilitate the investment in the company.
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