Draft Term Sheet for Alliance of Angels
This draft term sheet, by Dan Rosen, CEO Dan Rosen & Associates, is for use by Alliance of Angels members as a starting point in negotiating seed stage deals. The AoA lead investor is noted as in the document. Each party in such deals should seek appropriate legal counsel. Except for the section titled “Exclusivity,” this term sheet does not create a legally binding obligation on any person or entity.
Company name
Acme, Inc
Location
Type of Entity
Washington State C Corporation
Type of Equity
Comment [DR1]: Some prefer Delaware incorporation. Washington state and Delaware have parallel laws, but Delaware has greater case law and therefore better protection for company
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Thereafter, all of the proceeds shall be ratably distributed to the holders of Preferred and
Common Stock, on an as converted basis.
Comment [DR8]: In the past, it was often argued that Angels should not request 1x participating preferred without a cap, because larger follow-on rounds would then get the same.
While a small angel round doesn’t change the
“liquidation overhang,” a large VC round might.
Capping the liquidation preference in future, larger rounds does make sense.
Dividends
Dividends only when declared, and not cumulative. The holders of
Series A Preferred will be entitled to receive dividends only when and if declared by the Board and in preference to holders of Common Stock.
Comment [DR10]: Cumulative dividends do make sense in the case of a redemption provision, as outlined below.
Voting Rights
Except as set forth in “Protective Provisions” below, the Series A Preferred shall vote together
I wish to talk about an organization which is currently in operation, and whose internal structures and staffs I have been very familiar with for the past twenty-six years. The organization is called Builders for the Family and Youth (BFFY). BFFY is a nonprofit organization which is owned by Catholic Charity. The organization owns several facilities which are homes to different population of people. Some facilities house a Mentally Ill Homeless (MIH) population; while other facilities house a Mentally Ill Chemical Abuser (MICA) population. Each facility owned by BFFY has its own Administrator. Each of BFFY's facilities provide specific services to its population. All of BFF's facilities have two specific goals in common, and they are:
The company who I have selected for this paper is the organization that I am employed. SCO Family of Service mission statement is “SCO Family of Services helps vulnerable New Yorkers build a strong foundation for the future. We get young children off to a good start, launch youth into adulthood, stabilize and strengthen families, and unlock potential for children and adults with special needs. SCO has provided vital human services throughout New York City and Long Island for more than 100 years” (SCO, 2014, p. 24). The agency’s value is “There is an enormously excellent quality of work at every level of this organization.” (SCO, 2014, p. 2). In addition, the company’s goals provided in the statement, according to SCO Family of Services 2014
The Battle of Gettysburg is considered one of the bloodiest battles during the Civil War, and an important mark in American history. The Killer Angels presents key moments of the battle, and the people who fought each for their own reasons. There are men who primarily fought for homeland, battled for an ideal, or combated for glory. There are three different men highlighted in the book that fought for these reasons. General Robert E. Lee, of the Confederate side, went into battle to fight for his homeland, which was Stratford Hall, Virginia. Colonel Joshua L. Chamberlain, of the Union side, fought for the ideal of every man being treated equal and looking upon his men like family each of equal importance. General James Longstreet, of the Confederate side with General Lee, fought for glory and victory. Through understanding the personal priorities and values of these three individuals, it becomes clear why they decided to fight in the war.
This memorandum addresses the financial health of Denver Kids, Inc. (DKI). This analysis will include a brief overview of the organization’s mission, tax-exempt status, governance, and financial statements. Also included is a break-even analysis for a proposed earned income activity for DKI.
Not good enough, prove them wrong; to some is just six words for me it is different these are words I live by. There is a huge amount of significance to me in this memoir. So many times people have said I cannot do something or I am not good enough or they implied it. This memoir is something to live by; it is also something with meaning to me. It means whenever people are saying you are not good enough, prove them wrong make them see that you are good enough.
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we see an organization that is looking to bring about change (and in particular growth). The
content and you must not be unjustly enriched by such a contract or it could be deemed unenforceable
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Need of help, The Angel Network has strived to reward and satisfy the needs of most.
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As part of the team in charge of evaluating the possibility of entering in Greece to start an olive business, i took the time to dig into the history and geography of the country, its economy, how the government operates, the culture, and any potential ethical concern that will prevent us from entering the country. The following report covers each of this aspect and provides a recommendation on entering the market.