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How to read an Investment Termsheet: the Economic Terms — Further Reading

Deeper dives and investor perspectives on the valuation, preference, and pro rata

David Willbe
Aug 25, 2017 · 4 min read

What I haven’t done is give opinions on what you should expect or accept.

Always ask yourself when reading investors’ posts: what geography do they invest in? what round? when was the post written?

Understanding Valuations

The Liquidation Preference and Waterfall

The Pro Rata and the Ratchet

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Startup Grind

Stories, tips, and learnings from and for startups around…

David Willbe

Written by

Lawyer, working with tech companies and investors at every stage

Startup Grind

Stories, tips, and learnings from and for startups around the world. Welcoming submissions re: startup education, tech trends, product, design, hiring, growth, investing, and more. Interested in submitting? Visit our submission form here: https://airtable.com/shrShpeN89HrzCzOB

David Willbe

Written by

Lawyer, working with tech companies and investors at every stage

Startup Grind

Stories, tips, and learnings from and for startups around the world. Welcoming submissions re: startup education, tech trends, product, design, hiring, growth, investing, and more. Interested in submitting? Visit our submission form here: https://airtable.com/shrShpeN89HrzCzOB

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