Tag: valuation

Getting to a signed term sheet

[Let’s assume that our venture fund] just signed up a term sheet with a new company (Company X).  No need to disclose the company name or industry for purposes of this post.  Rather I want to briefly comment on the…

Before meeting an investor

an entrepreneur should know at least these principles — Almost all startups – whether they are in major hubs like Silicon Valley, Boston or New York or less metropolitan areas like Kansas City, Miss. – face the same problem. Every…

Questions about angel investing

Whether an entrepreneur is starting a social enterprise in Africa or a high tech venture, the first capital after friends and family is likely to come from angel investors.  For those entrepreneurs, we offer some basics as provided by our…

Investments with low margin and high social return

  Photo credit: Utente Elitre Impact capital plays different roles in different scenarios, depending on whether it’s directed to early-stage, high-risk investments, more mature companies, or organizations that will likely need ongoing concessional support. In the first two scenarios, capital from impact…

The exit as a measure of success

  Impact investor LeapFrog Investments announced [in December] that it had sold its equity stake in Ghanaian insurer Express Life to Prudential PLC, one of the biggest insurance companies on the planet. Express Life sells micro-insurance and savings products to…

Term sheet fundamentals, part 1

The expectations and procedures regarding term sheets can be perplexing to the first time entrepreneur.  For the angel investor, it’s often a question of tagging along with a larger investor’s terms, which can be problematic as well.  We’ll discuss some…